Abu Dhabi, UAE

Sanad Aero Solutions GmbH (Sanad), a wholly-owned subsidiary of Mubadala Development Company, has announced that its spare engine and component leasing portfolio has reached US$ 1 billion worth of assets, just 5 years since the company’s inception.

Over the past twelve months, Sanad has added a mix of new engine and components assets to its business, further enhancing the scope of its portfolio, and its position in the global aviation leasing space.

Troy Lambeth, Chief Executive Officer of Sanad, commented: “In the past two years, we have grown by over 30%, bringing our global spares portfolio to over $1 billion in assets. Our continued growth reflects the strength of our product offering and the trust the market continues to place in our team. We are extremely proud to have achieved this important milestone in such a short period of time and we are confident that our positioning will continue to drive value to our customers and deliver exceptional results.”

Sanad’s engine leasing portfolio now includes a growing number of GEnx, GE90, CFM56, GP7200, and Trent engine types, while the company’s spare components business is now actively supporting nearly all production and entry into service Airbus and Boeing fleets.