Abu Dhabi: Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension valued at $145 million (AED532 million).
This deal highlights Sanad’s leadership position in the global industry and its dedication to offering top-notch Maintenance, Repair, and Overhaul (MRO) services for V2500 engines.
The partnership with Asiana Airlines was revealed during the well-known MRO Americas conference in Chicago, which draws over 16,000 experts from the aerospace sector and is acknowledged worldwide as the premier MRO event.
Sanad will use its cutting-edge facilities in Abu Dhabi to service Asiana Airlines’ fleet of V2500 engines under the terms of this new arrangement. Asiana Airlines conducts a wide range of domestic and international passenger and cargo flights, covering a vast network spanning over 80 global destinations, and has a fleet of more than 80 aircraft.
Initiated in 2018, the collaboration bolsters Sanad’s standing as Asiana Airlines’ exclusive maintenance and repair provider in the Middle East and North Africa (MENA) area. This deal extends Sanad’s current cooperation with Asiana Airlines for a further five years and solidifies Sanad’s position as the world’s preeminent independent MRO service provider.
Since 1989, International Aero Engines’ V2500 engine has been a mainstay in the aviation industry, powering a sizable fleet of more than 7,600 Airbus A320 and A321ceo aircraft globally. These engines are used by about 150 operators throughout 80 nations and are well-known for their dependability, effectiveness, and performance.
Mansoor Janahi, Managing Director and Group CEO of Sanad, said that, “Sanad’s unique standing as the sole V2500 full overhaul MRO center in the Middle East has been pivotal in supporting V2500 customers worldwide since 2012. With over 250 inductions in the past 5 years, we demonstrate our profound expertise in the aviation MRO sector. This collaboration reaffirms our unwavering commitment to excellence within the aerospace industry, positioning Abu Dhabi as an innovative and leading hub for aviation solutions and solidifying its reputation as a premier destination for cutting-edge aviation services to top global airline.”
With more than 35 years of experience in aviation maintenance, repair, and overhaul, Sanad has serviced more than 600 V2500 engines since 2012. More than 30 airlines and ten key partners from the Middle East, Europe, Africa, the Americas, and Asia make up the company’s diversified clientele.