|
Supporting the Global Aviation Industry |
|
Sanad is a dynamic new financing company launched by Mubadala in direct response to the increasing need for liquidity in the aviation industry.The Arabic word for 'support,' Sanad is a strong new source of capital and a differentiator to Mubadala's global MRO product offering. Sanad works diligently to develop pragmatic risk and asset management solutions that enhance commercial performance and increase operating flexibility. The company has expanded quickly with a growing list of customers already in Europe, the Middle East, and Asia.
With a focus on spare engines and rotable components, Sanad has entered into a number of asset leasing transactions including long-term dedicated component support programs with Etihad Airways, Virgin Australia, FlyDubai, Onur Air, Maximus Air Cargo, and Garuda and indirect support with a number of other carriers accessing the company’s expanding pools of spare inventories. Sanad is also entering into long-term spare engine support programs including the company’s launch transaction with German carrier Air Berlin which included the long term sale and lease back of the airline’s spare engines. Each of these programs feature integrated services across Mubadala Aerospace’s MRO network including ADAT and SR Technics featuring a broad range of repair, engineering, logistics and asset management services.
Operating in close partnership with Mubadala Aerospace's network of global aerospace companies, its contribution to the larger agenda is realized by the company's core objective to grow its aerospace customers' businesses with financial solutions.
|
|