Sanad and Etihad Airways Join Forces to Address Global Aviation Demand

Photo : Abu Dhabi Media Office 

Etihad Airways has reached a significant agreement with Sanad, a wholly owned subsidiary of Abu Dhabi's Mubadala Investment Company, to purchase 16 aircraft engines for approximately AED 1.5 billion. This landmark deal highlights Abu Dhabi's role as a global aviation hub and reinforces the continued growth of Etihad Airways while strengthening the broader aviation ecosystem in the emirate.

The agreement encompasses a diverse range of next-generation engines that will power Etihad's modern fleet. Specifically, the sale includes nine GEnx engines for the Boeing 787, five GP7200 engines for the Airbus A380, one Trent XWB engine for the Airbus A350, and one V2500 engine for the Airbus A320. This strategic acquisition underscores the strong partnership between Sanad and Etihad Airways, contributing to the overall advancement of Abu Dhabi's aviation landscape and its ambitions to bolster non-oil trade and stimulate economic growth.

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Mansoor Janahi, Managing Director and Group CEO of Sanad, expressed his enthusiasm about the deal, stating, "This transaction reaffirms Sanad’s long-term commitment to proactive portfolio management and optimising our assets while strategically investing in future growth initiatives. It highlights the strength of Abu Dhabi’s aviation sector and our dedication to driving its continued growth. Our collaboration with Etihad Airways reflects the remarkable growth the airline is experiencing, and we are proud to be supporting the airline’s ambitious 2030 journey. Together, we are strengthening the synergies within Abu Dhabi’s thriving aviation ecosystem.”

Antonoaldo Neves, CEO of Etihad Airways, remarked on the significance of the acquisition, saying, “The acquisition of these engines marks a key milestone for Etihad as we continue maintaining a world-class fleet that drives our growth, honouring Abu Dhabi’s rich aviation heritage. This transaction is also a reminder of the strong synergy between Sanad and Etihad Airways spanning two decades.”

The partnership between Sanad and Etihad Airways dates back to 2003, during which Sanad has played a pivotal role in maintaining Etihad’s fleet. The company has conducted Maintenance, Repair, and Overhaul (MRO) services on over 400 engines, including the V2500 and Trent 700, which power the Airbus aircraft family, as well as GEnx models that are integral to Boeing aircraft operations.

This recent engine sale, valued at approximately AED 1.5 billion, not only reflects Sanad’s capacity to thrive in a competitive market but also demonstrates its ability to provide strategic value to its partners, further solidifying Abu Dhabi’s position as a leader in the aviation sector.

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