Sanad and Etihad Airways Announce AED 1.5 Billion Engine Sale

ABU DHABI: Sanad, the global aerospace engineering and leasing solutions leader, announced a significant transaction involving the sale of 16 aircraft engines to Etihad Airways. The deal, valued at approximately AED 1.5 billion, highlights Abu Dhabi's growing stature as a global aviation hub and reinforces the strategic partnership between two of the emirate's key aviation entities. According to Emirates News Agency, the transaction includes a selection of next-generation aircraft engines that will enhance Etihad's modern fleet. The sale encompasses nine GEnx engines for Boeing 787 aircraft, five GP7200 engines for Airbus A380, one Trent XWB engine for Airbus A350, and one V2500 engine for Airbus A320. This deal underscores the synergy between Sanad and Etihad Airways, strengthening the aviation landscape in Abu Dhabi and advancing the region's strategic goals to boost the non-oil trade sector. Mansoor Janahi, Managing Director and Group CEO of Sanad, expressed that the transaction reaffirms Sanad's commitm ent to asset optimization and strategic growth initiatives within Abu Dhabi's aviation sector. Antonoaldo Neves, CEO of Etihad Airways, remarked that acquiring these engines is a milestone for the airline, contributing to the maintenance of a world-class fleet and showcasing the long-standing synergy with Sanad. The partnership between Sanad and Etihad Airways, which began in 2003, has been instrumental in maintaining Etihad's fleet of aircraft engines. Sanad has provided Maintenance, Repair, and Overhaul (MRO) services for over 400 engines, solidifying its position as the largest independent engine maintenance provider in the MENA region. Sanad's MRO transactions with Etihad have surpassed AED 6 billion to date, underscoring a relationship built on trust and shared success.