AACC to Launch New Rotary Landing Gears Repair Capability

AACC's new LDG repair capability aligns with main objectives of Saudi Arabia's Vision 2030 through building a robust local MRO capability - (Asharq Al-Awsat)
AACC's new LDG repair capability aligns with main objectives of Saudi Arabia's Vision 2030 through building a robust local MRO capability - (Asharq Al-Awsat)
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AACC to Launch New Rotary Landing Gears Repair Capability

AACC's new LDG repair capability aligns with main objectives of Saudi Arabia's Vision 2030 through building a robust local MRO capability - (Asharq Al-Awsat)
AACC's new LDG repair capability aligns with main objectives of Saudi Arabia's Vision 2030 through building a robust local MRO capability - (Asharq Al-Awsat)

Aircraft Accessories & Components Company (AACC), a leading military maintenance, repair, and overhaul (MRO) service provider and a subsidiary of SAMI under the Public Investment Fund (PIF), is set to introduce a cutting-edge addition to its product lineup by launching its new Super Puma and Cougar Landing Gears (LDG) repair capability.

Based in Jeddah, Saudi Arabia, Aircraft Accessories & Components Company (AACC) has established itself as a trusted military MRO provider with a strong focus on component repair.

AACC's new LDG repair capability aligns with Saudi Arabian Military Industries (SAMI) commitment to supporting local military rotary forces and achieving the main objectives of Saudi Arabia's Vision 2030 through building a robust local MRO capability.

In this regard, AACC's chief executive, Mazen Johar, said: "This is another example of Saudi Arabia's drive to localize its defense industry, drive economic diversification, and enhance national security by forging strategic partnerships with leading global defense companies like Safran."

"Through these collaborations, SAMI is providing Saudi engineers with exceptional career paths by building local capabilities across aerospace," he added.

Through its different business units and specialized shops, AACC offers a broad spectrum of services to support fighter jets, transport aircraft, training aircraft, and special mission aircraft and extends its services to cover different applications within the military and civil industries. With extensive experience in repairing various aircraft models such as F15, Typhoon, and C-130 LDG repair, AACC has built a stellar reputation for its expertise and reliability in the industry, SPA reported.

As a repair center supported by Safran Landing Systems, the world leader in aircraft landing and braking systems, AACC expands its capabilities and solidifies its position as a trusted partner.

The addition of helicopter landing gear repair further enhances AACC's portfolio, which already includes F-15 and C-130 aircraft landing gear repair. Bruno Chiarelli, Safran Landing Systems Executive Vice President - MRO, said: "We are very delighted with this partnership coming into fruition. For Safran Landing Systems, it is important that we maintain the highest standards of technical training and support to our customers. We take into great consideration that they trust in the reliability and operational capabilities of our systems."

"Therefore, AACC is a key partner allowing us to share our MRO know-how for the benefit of our operators in the Arabian Gulf. The training and accreditation of Saudi engineers and the extension of the MRO facility in Jeddah are critical steps to achieve this objective."



Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
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Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo

Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant prices leading the rise.

Month on month, inflation was 1.03%, the Turkish Statistical Institute said, compared with 2.24% in November. Annual consumer price inflation (CPI) was 47.09% in November.

Furniture prices rose 2.78% from the previous month, data showed, while telecoms-related prices gained by 1.82%.

In a Reuters poll, the annual inflation rate was expected to fall to 45.2%, with the monthly figure seen at 1.61%, owing to easing food price inflation and a limited rise in energy prices.

The latest inflation print was close to the central bank's midpoint prediction of 44% for the end of 2024.

The bank, having kept its main interest rate steady at 50% since March, launched an easing cycle last week, cutting the policy rate by 250 basis points to 47.5%.

The bank said it will set policy "prudently" meeting by meeting with a focus on the inflation outlook while responding to any expected "significant and persistent deterioration".

The Turkish lira was little changed after the data at 35.3850 to the dollar, hovering around the record lows.

The domestic producer price index was up 0.4% month on month in December for an annual rise of 28.52%, the data showed.