50 SKY SHADES - World aviation news

New Sanad and Etihad Airways deal expands US$ 900MN+ partnership

Download: Printable PDF Date: 29 Sep 2020 04:53 categories:
Publisher:
New Sanad and Etihad Airways deal expands US$ 900MN+ partnership  - Maintenance / Trainings publisher
Dana Ermolenko
Country: United Arab Emirates Aircraft: Airplanes Airline: Etihad Airways

Sanad and Etihad Airways have closed a new spare engine deal which further cements Abu Dhabi’s position as a self-sustaining international aviation sector hub. The announcement of the new deal came during the Global Aerospace Summit in Abu Dhabi, where industry leaders convened to discuss the impact of COVID-19 on the aerospace, defence and space industries. The new deal, which expands the US$ 900 million-plus partnership between Sanad and Etihad Airways for 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, Group Chief Executive Officer 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.”

Adam Boukadida, Chief Financial Officer of Etihad Aviation Group, added: “This latest collaboration between Sanad and Etihad Airways underlines the effectiveness of two leading Abu Dhabi aviation companies working together to achieve a successful and long-term result for Abu Dhabi as we continue in our shared mandate to further establish our home base as a global aviation hub. Sanad continues to be a trusted and reliable partner for Etihad Airways and its continued support is well aligned with our long-term plans and fleet strategy.”



Loading comments for New Sanad and Etihad Airways deal expands US$ 900MN+ partnership ...


Recommended

AERO ASIA will take place for the first time on 28-31 October 2021 in Zhuhai

Messe Friedrichshafen and Zhuhai Airshow Co.,Ltd cooperate on AERO ASIA to create a new and leading Business and General aviation show for China and Southeast Asia. The show will be supported by the A...

Norwegian to focus on a strong European network

Board of Directors of Norwegian Air has outlined a simplified business structure and dedicated short-haul route network. With this plan, Norwegian can build a robust and solid company that will a...

Aviation sector and NGOs agree on sustainability of future fuels

Given that EU leaders have committed to achieving a net-zero-carbon economy by 2050, there is a growing focus on how to accelerate the transition towards climate-neutral aviation.As the European...

First engine run on world largest and smartest aerospace Testbed - Rolls-Royce

Rolls-Royce has successfully completed the first engine run on its state-of-the-art Testbed 80, which will be the largest and smartest indoor aerospace testbed in the world when it is officially opene...