Sanad, Etihad Airways expand $900m partnership

Sanad, Etihad Airways expand $900m partnership

UAE - Mubasher: Sanad, a leader in aerospace engineering and leasing solutions, has inked a new deal with Etihad Airways to provide the UAE's national carrier with a new spare engine, according to the Emirates News Agency (WAM).

The deal between Sanad, a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), and Etihad Airways was announced during the Global Aerospace Summit, being held on 28-29 September in Abu Dhabi.

Through the new deal, the $900 million-plus partnership between Sanad and Etihad is expanded to include additional spare engines and rotatable components and a sale-and-leaseback agreement for an additional GEnx engine and a Rolls Royce Trent XWB engine.

In addition, Sanad will enable Etihad Airways to have access