ABU DHABI- Sanad, Mubadala Investment Company’s aerospace division, has finalized a 400 million US$ engine sale agreement with UAE-based Etihad Airways (EY).
The deal includes 16 jet engines designed for diverse aircraft types in Etihad’s fleet.
Etihad Buys Jet Engines
The transaction comprises nine GEnx engines for Boeing 787s, five GP7200 engines for Airbus A380s, one Trent XWB engine for Airbus A350, and one V2500 engine for Airbus A320. This diverse engine portfolio supports Etihad’s mixed fleet operations.
The agreement strengthens Abu Dhabi’s position as a global aviation center. The partnership advances Etihad Airways’ expansion plans while reinforcing the emirate’s aviation infrastructure.
The collaboration supports Etihad Airways’ 2030 development plans. This partnership demonstrates the airline’s significant expansion trajectory in the commercial aviation sector.
The deal showcases the strength of Abu Dhabi’s aviation ecosystem. It represents significant investment in the region’s aerospace capabilities and infrastructure development.
CEO Remarks
Sanad Managing Director and Group CEO Mansoor Janahi emphasizes the deal’s strategic importance. The transaction aligns with Sanad’s portfolio management strategy and growth initiatives.
Etihad Airways CEO Antonoaldo Neves emphasizes the engine acquisition’s strategic importance. The transaction advances Etihad’s fleet modernization while building on two decades of partnership with Sanad.
Sanad and Etihad Airways’ collaboration began in 2003, with Sanad maintaining over 400 engines for Etihad’s fleet. These include V2500, Trent 700, and GEnx engines powering Airbus and Boeing aircraft.
Sanad established V2500 and Trent 700 engine maintenance capabilities in 2012. The company now leads MENA region’s independent engine maintenance sector, serving 30 global airlines and major engine manufacturers.
MRO transactions between Sanad and Etihad Airways exceed 1.6 Billion US dollars. The partnership expanded in 2011 when Sanad Capital initiated financing services.
The collaboration further grew in 2013 through component spare-part leasing. Total financing transactions between both entities surpass 800 million USD.
New Widebody Order
Etihad Airways has initiated preliminary discussions with Airbus and Boeing for widebody aircraft acquisition. The airline considers ordering either Airbus A350 or Boeing 777X models to support its expansion plans.
Bloomberg reports these negotiations remain in early stages, suggesting deal finalization could extend several months. The discussions align with Etihad’s strategic fleet expansion objectives.
The upcoming Paris Air Show on June 16 presents a potential announcement platform. However, Etihad historically prefers announcing deals outside major trade shows or at the Dubai Airshow, with its last Paris Air Show purchase occurring in 2007, Simple Flying reported.
Etihad’s 2007 Paris order included four A340-600s, five A330-200s, and three A330F aircraft. The airline’s 2008 Farnborough order comprised 20 A320s, 25 A350s, ten A380s, 35 Boeing 787s, and ten 777-300ERs.
In 2009, Etihad selected GE engines for its A380, 777, and 787 fleets in a $2.2 billion deal. The airline became a 777X launch customer in Dubai 2013, ordering 17 777-9s, eight 777-8s, and 30 787-10s.
Feature Image by (1) Clément Alloing (@CAlloing) / X
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