Sanad expands US$900 million engine deal with Etihad

Engineering and leasing company Sanad, a wholly owned subsidiary of Mubadala Investment Company, and Etihad Airways, the UAE’s national carrier, have closed a new spare engine deal as part of their US$900 million partnership. The deal covers additional spare engines and rotable components, includes a sale-and-leaseback (SLB) agreement for an additional GEnx engine and a Rolls-Royce Trent XWB engine, with a second XWB spare option. Sanad will also provide access to increased B787 rotable components and extended terms for existing GEnx spare engine agreements. Troy Lambeth, Sanad Group CEO. Troy Lambeth, group CEO of Sanad, said: “Despite the extraordinary challenges the industry is currently facing, this deal confirms Sanad’s long-term commitment to support our industry partners. We remain fully committed to Etihad Airways, and this agreement expands and deepens our portfolio with more entry-into-service asset types including our ninth GEnx, and our first Rolls Royce XWB spare engine.” For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]