Etihad announces strategic partnership with Sanad to acquire 16 engines
October 22, 2024
In a landmark deal worth AED 1.5 billion, Etihad Airways has agreed to purchase 16 aircraft engines from Sanad.
The purchase agreement includes a range of next-generation aircraft engines to power Etihad’s fleet of aircraft comprising nine GEnx engines for the Boeing 787 aircraft, five GP7200 engines for the Airbus A380, one Trent XWB engine for the Airbus A350 and one V2500 engine for the airline’s A320.
The acquisition marks a “key milestone for Etihad” as the airline continues to “maintain its world-class fleet that drives our growth,” said Antonoaldo Neves, CEO of Etihad Airways. He also emphasised the transaction is a “reminder of the strong synergy” between the two companies, which spans two decades.
Serving over 30 global airline customers, Sanad is one of the leading independent engine maintenance providers in the Middle East and North Africa (MENA) region, a role that has in part been facilitated by its longstanding partnership with Etihad, which dates back to 2003. In line with its responsibility to maintain Etihad’s fleet of aircraft engines, Sanad has conducted MRO services on over 400 engines and provided overhaul support to the airline since the launch of the V2500 and Trent 700 engine maintenance capabilities in 2012.
Highlighting the significance of this latest deal, Sanad CEO, Mansoor Janahi, said the transaction “highlights the strength of Abu Dhabi’s aviation sector and our dedication to driving its continued growth.”
He also noted the collaboration “reflects the remarkable growth the airline is experiencing,” as together the two companies are “strengthening the synergies within Abu Dhabi’s thriving aviation ecosystem.”
