UAMCO, a Cypriot aircraft engine maintenance company in Aradippou, plans a €120 million expansion that would make its facilities four times larger, founder and CEO Giannis Savvidis said.
UAMCO Ltd (United Aerospace Maintenance Company) began operating in February 2025. Since then, it has repaired 17 engines in partnership with GE Aerospace, one of the world’s largest engine makers, Savvidis said.
Savvidis is a Cypriot aircraft engineer. Before founding UAMCO, he worked for Cyprus Airways, Emirates, British Airways and Virgin Australia. He also spent several years at Israel Aerospace Industries.
The new project includes a specialised engine test cell. At present, engines finished in Aradippou go to Brazil for testing, Savvidis said.
About 30 per cent of the work is already complete. In addition, the company has approached banks for finance.
UAMCO and the €120 million plan
So far, investment in the existing building and machinery has reached about €30 million, Savvidis said. The expansion will also use two more plots in the Aradippou industrial area.
The company started with 11 people and now employs 45. When the project is complete, staff numbers will reach 120 to 130, he said.
Half of the specialised staff are engineers from abroad. The other half are Greek Cypriot engineers and aeronautical graduates, who train alongside their colleagues.
“Cyprus will be in demand after the expansion,” Savvidis said. Around 10,000 aircraft engines are in service. Each must come off the aircraft every three to four years for this maintenance.
UAMCO now aims to handle 100 to 150 engines a year, he said.
Professor Constantinos Christofides, former rector of the University of Cyprus, also shared the story on X. “Cyprus can do it,” he wrote, because “it has the people, it has the universities” and international connections.
Cypriot company on the global map of aircraft engines: New expansion of €120 million. Cyprus can do it, it has the people, it has the universities, it has the European and international connections.https://t.co/spYwx7bffq
— Constantinos Christofides (@ChristofidesCY) October 17, 2026
How the workshop began
Four years ago, Savvidis visited GE Aerospace in Cincinnati. There, he said, he asked the company to draw a four-hour flight circle around Cyprus on its map. As it turned out, GE had no workshop in that area.
Today the Aradippou facility is the only one of its kind in Southern Europe, he said. Worldwide, about 10 similar workshops service these engines.
The workshop holds a licence from manufacturer CFMI, a French-based joint venture. It repairs the LEAP-1A, used on new Airbus A320 aircraft, and the LEAP-1B for the Boeing 737 MAX.
UAMCO also holds certification from the European Union Aviation Safety Agency. Likewise, it has approval from the authorities of Egypt and the United Arab Emirates.
Under an offload agreement with GE Aerospace, UAMCO takes engines from airlines in Egypt, Saudi Arabia and the United Arab Emirates. Each engine costs about US$20 million, while a repair costs several million, Savvidis said.
“We constantly receive applications from Cypriots who work abroad and want to return,” he said. Above all, his goal was to build something for the future of the Republic of Cyprus.
Source: Philenews
The post Cypriot Engineer’s Engine Workshop Plans €120 Million Expansion appeared first on Greek City Times.