Dubai firm inks aerospace interiors deal
Dubai, May 2, 2010
Dubai-based Greenline Interiors said it has signed a co-operation agreement with New Zealand’s Aerospace Interiors aimed at building a substantial presence in the international market for luxury aircraft interiors.
Under the deal, the two companies will develop a comprehensive base in Dubai from which to build a dominant market position in the Middle East, North Africa, Europe, India and Asia.
Greenline Chairman and CEO Samir Badro and Aerospace managing director Lance Sheppard signed the agreement in Dubai.
Sheppard is in Dubai as a part of the New Zealand business mission travelling to the GCC, led by the New Zealand Minister of Trade Tim Groser.
Badro and Sheppard said the co-operation agreement would enable the companies to develop major new opportunities and give them the capability to immediately undertake high-profile projects currently being negotiated within the Middle Eastern market.
“The global VIP aviation interiors market presents a high-value niche market opportunity that is a very good fit with our combined skills and experience,” the duo said.
“The value of a typical project can range from $5 million to $25 million. We estimate the total value of the markets we are addressing, within our targeted geographical areas, at around $1 billion per year,' they stated.
“We believe the combination of Aerospace’s knowledge and experience in the aviation market with Greenline’s state-of-the-art manufacturing base will provide a competitive edge that will enable us to make strong inroads into this market,” they added.
The partnership is another example of the strength of business relationships between New Zealand and the GCC in the lead up to the conclusion of the NZ/GCC Free Trade Agreement which is due to be signed later this year.
Greenline Interiors is considered one of the world’s leading providers of turnkey solutions for interior outfitting of luxury palaces, super yachts, high-end residences and commercial spaces, as well as five-to-seven star hotels.
The company has extensive design and manufacturing capability from their 60,000 sq m facility in the Jebel Ali Free Zone. Greenline also has a worldwide client network, inlcuding close synergies with the VIP aviation market.
Aerospace Interiors designs and creates bespoke aircraft interiors for the global VIP, VVIP, Head of State and business aviation markets.
It was established by Sheppard in 2006 after a successful career in the super yacht industry and now has a team of highly experienced designers, engineers, composite specialists, cabinetmakers and artisans.-TradeArabia News Service