Aerospace Technical Services reaffirms compliance and ownership details

In Dubai, United Arab Emirates, on December 2, 2024, Aerospace Technical Services (ATS) issued a statement aimed at clarifying its company structure and ownership. The announcement emphasized the company's strong commitment to compliance and transparency, which has become increasingly crucial in the aviation industry due to regulatory scrutiny. ATS operates mainly from its headquarters in the UAE and has core facilities in Jordan, positioning itself as a leading global distributor of aviation parts and provider of maintenance, repair, and overhaul (MRO) solutions. Its ownership lies solely with Mahdi Al-Tahaineh, further distancing itself from potential confusion with the unrelated ATS Heavy Equipment company owned by Muhammad Ishaq Abdul Kareem. To address compliance, ATS has established rigorous processes designed to adhere to a variety of regulations. The company ensures thorough internal audits, strict due diligence practices for its transactions and partnerships, and ongoing monitoring to comply with guidelines set by the Office of Foreign Assets Control (OFAC) and several other regulatory bodies. In light of recent scrutiny concerning financial practices within businesses worldwide, ATS has undertaken a comprehensive review of its protocols. As a result, the aviation service provider has officially adopted a newly revised Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Policy, aligning itself with international best practices. The strategic initiative also entails ensuring that ATS follows the latest sanctions guidance from both the U.S. and the European Union. By undertaking these actions, ATS aims to uphold international standards and foster financial transparency in its operations. The importance of these compliance measures cannot be overstated, particularly in an industry where strict adherence to regulations is critical for maintaining the trust of clients, partners, and regulatory authorities. This dedication positions ATS as a proactive player in promoting ethical practices within the aviation industry. Finally, the clarification provided by ATS serves to distinguish itself in a competitive market, particularly against potential misconceptions about its identity and business associations. The company stresses that it maintains no affiliation or personal connection to ATS Heavy Equipment, thereby reinforcing its commitment to transparency and operational integrity. This move is essential for companies operating in high-stakes environments such as aviation, where business reputations are closely tied to perception and accountability.