Abu Dhabi, UAE
Sanad Aero Solutions GmbH (Sanad), a wholly-owned subsidiary of Mubadala Development Company, has announced that its spare engine and component leasing portfolio has reached US$ 1 billion worth of assets, just 5 years since the company’s inception.
Abu Dhabi, UAE
Sanad Aero Solutions GmbH (Sanad), a wholly-owned subsidiary of Mubadala Development Company, has increased its financings to US$600 million, in a club deal that further expands the company’s spare engine and component product offering.
Abu Dhabi, UAE
Sanad Aero Solutions GmbH (Sanad), a wholly-owned subsidiary of Mubadala Development Company, has increased its leasing portfolio of spare engines and components with Etihad Airways through the addition of new assets valued atUS$100 million, including spare GEnx and GP7200 engines and spare landing gear and nacelles, to support the airline’s growing fleet of B777, B787, A320 and A380 aircraft.
Abu Dhabi, UAE
Turbine Service and Solutions LLC (TS&S) and Turbine Services and Solutions Aerospace LLC (TS&S Aerospace) today announced the integration of their two businesses following Ahmed Al Moosa’s decision to retire. Mr. Al Moosa, CEO of TS&S, has led the company since its inception and will support the transition of the business during the integration.
Abu Dhabi, UAE
Turbine Services & Solutions (TS&S), an Abu Dhabi based services and solutions provider for industrial gas turbine packages, announced today the introduction of an independent repair and overhaul (R&O) facility for Centaur gas turbines. The range of services to be provided include traditional R&O, full performance testing, field service support, exchange pools for gas generators, power turbines and complete package support.
Abu Dhabi, UAE
Sanad Aero Solutions GMBH (Sanad), Mubadala’s spare engine and component financing and leasing solutions company, has further developed its long-term engine leasing relationship with airberlin to over $130 million, adding four new CFM56-7B engines under a sale and lease back agreement and taking out three older CFM56-7B. This expands the current engine portfolio with Sanad to include fifteen spare engines, increasing airberlin’s operational efficiencies and expanding Sanad’s lease pool arrangement, utilizing spare capacity across Mubadala’s MRO Network customer base