Greenline partners with Aerospace Interiors
Companies hope to capitalise on $1 billion aviation interiors market
Dubai-based Greenline Interiors has signed an agreement with New Zealand’s Aerospace Interiors to enable the two companies to capitalise on opportunities in the region’s luxury aircraft interiors sector.
The agreement was signed by Samir Badro, chairman and CEO of Greenline Interiors, and Lance Sheppard, managing director of Aerospace Interiors, who is in Dubai as a part of a New Zealand business mission led by New Zealand’s minister of trade.
The global luxury aviation interiors market presents a high-value niche market opportunity for the two companies, with the value of a typical project ranging from $5 million to $25 million. The total value of the markets that will be addressed by the two companies is around $1 billion per year.
“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,” said Badro and Sheppard.
The agreement will see the two companies develop a base in Dubai, from which they will address the Middle East, North African, European, Indian and Asian markets. The partnership is an example of the strong business relationships being developed between New Zealand and the GCC in the lead up to the NZ/GCC Free Trade Agreement, which is due to be signed later this year.
Aerospace Interiors designs and creates bespoke aircraft interiors for the global VIP, VVIP, head of state and business aviation markets. Greenline Interiors, established in 1976, is a provider of turnkey solutions for the 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 its 60,000m² facility in the Jebel Ali Free Zone.
The new agreement will result in an extension of Aerospace’s current business offering into the Middle East and emerging markets; the development of a range of ‘turnkey’ products that will appeal to the global market; and the development of maintenance, repair and overhaul capability as a complement to existing services.