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."



Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
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Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP

Oil prices dipped on Monday amid a strong US dollar ahead of key economic data by the US Federal Reserve and US payrolls later in the week.
Brent crude futures slid 28 cents, or 0.4%, to $76.23 a barrel by 0800 GMT after settling on Friday at its highest since Oct. 14.
US West Texas Intermediate crude was down 27 cents, or 0.4%, at $73.69 a barrel after closing on Friday at its highest since Oct. 11, Reuters reported.
Oil posted five-session gains previously with hopes of rising demand following colder weather in the Northern Hemisphere and more fiscal stimulus by China to revitalize its faltering economy.
However, the strength of the dollar is on investor's radar, Priyanka Sachdeva, a senior market analyst at Phillip Nova, wrote in a report on Monday.
The dollar stayed close to a two-year peak on Monday. A stronger dollar makes it more expensive to buy the greenback-priced commodity.
Investors are also awaiting economic news for more clues on the Federal Reserve's rate outlook and energy consumption.
Minutes of the Fed's last meeting are due on Wednesday and the December payrolls report will come on Friday.
There are some future concerns about Iranian and Russian oil shipments as the potential for stronger sanctions on both producers looms.
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, two sources with knowledge of the matter said on Sunday.
Goldman Sachs expects Iran's production and exports to fall by the second quarter as a result of expected policy changes and tighter sanctions from the administration of incoming US President Donald Trump.
Output at the OPEC producer could drop by 300,000 barrels per day to 3.25 million bpd by second quarter, they said.
The US oil rig count, an indicator of future output, fell by one to 482 last week, a weekly report from energy services firm Baker Hughes showed on Friday.
Still, the global oil market is clouded by a supply surplus this year as a rise in non-OPEC supplies is projected by analysts to largely offset global demand increase, also with the possibility of more production in the US under Trump.