Abu Dhabi, UAE
Turbine Services & Solutions (TS&S), a leading maintenance, repair and overhaul (MRO) provider for gas turbines and driven equipment that is wholly owned by Mubadala Investment Company PJSC (Mubadala), and Ethiopian Airlines (Ethiopian), the largest and fastest growing airline in Africa, today signed a Memorandum of Understanding (MoU) to collaborate on establishing Auxiliary Power Unit (APU) capabilities, engine on-wing care centers and, through Sanad Aero Solutions (Sanad), to explore financing and leasing opportunities to support the growing fleet of Ethiopian Airlines.
Under the MoU, TS&S will have access to the developing African aviation market, by partnering with one of the fastest growing carriers and one of the most technologically advanced fleets in the continent. The APU centers of excellence will focus on different aspects of aviation MRO services in Africa such as spares pool management, predictive maintenance and associated connectivity. Sanad will also explore financing and leasing opportunities in support of Ethiopian’s existing and future fleet requirements. Sanad, a wholly-owned subsidiary of Mubadala, provides financial solutions for spare engines and rotable components.
Commenting on the MoU, Mansoor Janahi, Acting Chief Executive Officer at TS&S, said: “Our agreement with Ethiopian Airlines marks a significant milestone for TS&S as we continue to extend our global partnerships with some of the world’s most promising international carriers. The collaboration builds on our strategy to grow our capabilities and maintain our competitiveness in the global MRO industry.”
Tewolde Gebremariam, Group Chief Executive Officer of Ethiopian Airlines, further commented: “As the largest and most modern MRO service provider in Africa, Ethiopian stands to benefit from this agreement by boosting its diverse repair, maintenance and overhaul capabilities through innovative technologies. The agreement will also facilitate an additional financing and leasing option for our growing MRO services, creating a win-win situation for all parties involved as they partner with the leading MRO service provider on the African continent. Our continued effort to avail a reliable MRO capability perfectly complements with our growing young and most modern fleet number, soon marking 100th Fleet Milestone”
The MoU is a demonstration of TS&S’ commitment to the African region, and its increasing global presence.