Mubadala, Boeing in talks over parts order

ABU DHABI — Mubadala Aerospace, the Abu Dhabi- owned maker of parts for Airbus SAS, is in talks with Boeing Co over a contract to make components for the US planemaker.

By (Agencies)

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Published: Tue 29 Mar 2011, 11:20 PM

Last updated: Mon 6 Apr 2015, 5:27 PM

Mubadala Aerospace, a unit of Mubadala Development Co, is working on three to four new projects including joint ventures for this year, Executive Director Hommaid Al Shemmari said in a telephone interview from Abu Dhabi.

We are working with Boeing on multiple levels,” he said, when asked about opportunities for making parts for Boeing planes.

“Talks are still at the informal stage. Maybe within the next few months we could make an announcement.”

Fixed income roadshow

Meanwhile, Mubadala will kick off a global fixed income roadshow in London on April 6, a source at one of the arranging banks said on Monday.

Barclays Capital, HSBC, National Bank of Abu Dhabi, Societe Generale CIB, and Standard Chartered Bank will arrange the meetings, which run til April 12, in Europe, Asia, and the UAE.

Earlier this month, a Mubadala executive said there was a “definite possibility” of a benchmark bond this year.

Mubadala has been a key player in supporting government-related entities struggling in the wake of the global financial crisis.

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