In addition to the establishment of a financing facility worth $400 million, the Brazilian airline Embraer also signed, on the sidelines of the Marrakech air show, an agreement to develop joint projects within the Moroccan aeronautical sector.
A new partnership between ABL Aviation and Embraer highlights Morocco’s growing importance in the aerospace sector, positioning it as a strategic hub in this area. In a press release published last week, ABL Aviation, a global aeronautical company headquartered in Casablanca, announced the establishment of a $400 million financing facility intended to support Embraer’s E-Jet E2 program.
This investment will offer the Brazilian airline’s customers “optimized and more affordable” financing options for deliveries of E2 aircraft, the press release said. This partnership was materialized during the Marrakech Air Show, organized in Morocco from October 31 to November 2.
“The partnership between ABL and Embraer highlights the emergence of Morocco as a major aerospace hub,” reads the press release, which highlights the role of the Kingdom as a gateway to the booming passenger transport markets and freight in Africa. The two companies reaffirmed their desire to create new opportunities, both in Morocco and internationally, with projects including tailor-made financing of E2 aircraft deliveries, spare parts supply, and financing solutions. tailored to the specific needs of Embraer airline customers.
Ali Ben Lmadani, CEO of ABL Aviation, welcomed the partnership, stating that the company is “ delighted to collaborate with Embraer to support deliveries of the remarkable E2 family of aircraft “. He added that ABL Aviation is proud to participate in the transformation of the industry by facilitating access to “ one of the most durable, reliable and efficient ranges of narrow-body aircraft on the market ».
Besides ABL Aviation, Embraer also signed a memorandum of understanding (MoU) with the Moroccan government on the sidelines of the Marrakech Air Show. This protocol aims to promote cooperation in commercial aviation, defense, and urban air mobility, laying the foundations for an integrated supply ecosystem in Morocco.
The aeronautics sector constitutes a strategic pillar of the Moroccan economy, with the Kingdom aiming to double jobs in this sector by 2030. It has achieved a local integration rate of more than 40%, an indicator of its robustness and its potential. According to the International Air Transport Association (IATA), the Moroccan aeronautical industry is a leading economic lever for the country. At a conference in October, IATA officials highlighted the growth of this sector, with air traffic to Morocco increasing by 68% over the last decade, welcoming more than 12.4 million passengers. passengers last year.
That year was also marked by a solid performance in exports of goods and services facilitated by the country’s air infrastructure, representing almost 44% of the national GDP, thus testifying to the vitality and contribution of the sector to the Moroccan economy.
RT/SF/te/APA
