| Mubadala Investment Company took advantage of the opening of the Dubai Airshow to announce the launch of Sanad, a new structure which will host the MRO activity of Sanad Aerotech (formerly TS&S) and the leasing activity of Sanad Capital (formerly Sanad Aero Solutions).
According to Badr Al-Olama, Head of Mubadala Aerospace, "Sanad will spearhead Mubadala's strategic investments in key technologies and capabilities to enhance and strengthen its global positioning. As a trusted partner providing holistic services in aviation and industrial MRO, engine financing, and leasing, Sanad will play a key role in promoting Abu Dhabi as a global aerospace hub".
Remember that "Sanad" means "support" in Arabic.
Mubadala rebranded TS&S (Turbine Services & Solutions) as Sanad Aerotech in May. The engine and APU maintenance centre, whose origins go back to the former ADAT (Abu Dhabi Aircraft Technologies), has been seeing sustained growth for a few years now, with a current capacity of around 100 engine overhauls per year. Its engine capabilities extend from mature engines (Trent 700, V2500, etc.) to latest generation engines such as the GEnx (747-8, 787).
For its part, Sanad Capital has a portfolio of engines comprising the GEnx, GE90, CFM56, GP7200 and V2500 and numerous Rolls-Royce Trent engines. It also provides spare components leasing through a pool.
Sanad joins CFM International's LEAP support network
Sanad Aerotech also announced a major contract with American engine manufacturer GE at Dubai airshow. According to this agreement, which will begin on 1st January 2020, the service centre will carry out 237 quick turn LEAP engine inspections by 2030, along with the full servicing of 315 GEnx by 2035, a contract valued at AED 500 million (USD 136 million).
The engine shop had already announced a 6.5-billion dollar contract with Rolls-Royce at Le Bourget Airshow last June to provide complete overhaul services for Trent 700 engines over a nine-year period.