Sanad expands partnership with Etihad Airways
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Sanad Aero Solutions GmbH (Sanad) has increased its leasing portfolio of spare engines and components with Etihad Airways through the addition of new assets valued at US$100 million.
This includes 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.
James Hogan, Etihad Airways president and chief executive officer said: “The latest financial agreement builds on the growing relationship between two companies, enabling us to benefit from existing synergies, maximise economics of our assets, and lease spare engines and components at very competitive costs. With another 16 Airbus and Boeing aircraft scheduled for delivery in 2015, it’s vital that we have the recommended level of inventory to keep our fleets fully serviceable at all times.”
With the additional assets, the overall value of Sanad’s leasing relationship with Etihad Airways now exceeds US$450 m.
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