Sanad, a global aerospace engineering and leasing leader under Mubadala Investment Company, has announced the sale of 16 aircraft engines to Etihad Airways. The transaction, valued at Dh1.5 billion, strengthens Abu Dhabi’s aviation sector and supports Etihad Airways’ fleet expansion.
“Our collaboration with Etihad Airways reflects the remarkable growth the airline is experiencing and we are proud to be supporting the airline’s ambitious 2030 journey,” said Mansoor Janahi, Managing Director and Group CEO of Sanad. “Together, we are strengthening the synergies within Abu Dhabi’s thriving aviation ecosystem.”
The deal includes nine GEnx engines for the Boeing 787, five GP7200 engines for the Airbus A380, one Trent XWB engine for the Airbus A350 and one V2500 engine for the Airbus A320. This agreement highlights Sanad and Etihad’s long-standing partnership, which dates back to 2003.
“The acquisition of these engines marks a key milestone for Etihad as we continue maintaining a world-class fleet that drives our growth, honouring Abu Dhabi’s rich aviation heritage,” said Antonoaldo Neves, CEO of Etihad Airways. “This transaction is also a reminder of the strong synergy between Sanad and Etihad Airways spanning two decades.”
Since the start of the collaboration, Sanad has maintained over 400 Etihad engines. Its engine overhaul services include V2500 and Trent 700 engines for Airbus aircraft and GEnx models for Boeing planes. Since 2011, Sanad’s financing transactions with Etihad have exceeded Dh3 billion, with a total MRO deal value surpassing Dh6 billion.
