{"id":72152,"date":"2024-10-22T17:21:33","date_gmt":"2024-10-22T11:51:33","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=72152"},"modified":"2024-10-22T17:21:38","modified_gmt":"2024-10-22T11:51:38","slug":"etihad-buys-16-jet-engines-from-sanad","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/10\/22\/etihad-buys-16-jet-engines-from-sanad\/","title":{"rendered":"Etihad Buys 16 Jet Engines from Sanad worth $400 Million"},"content":{"rendered":"\n

ABU DHABI-<\/strong> Sanad, Mubadala Investment Company’s aerospace division, has finalized a 400 million US$ engine sale agreement with UAE-based Etihad Airways (EY)<\/a>.<\/p>\n\n\n\n

The deal includes 16 jet engines designed for diverse aircraft types in Etihad’s fleet.<\/p>\n\n\n\n

\"Etihad
Photo: Etihad Engineering<\/figcaption><\/figure>\n\n\n\n

Etihad Buys Jet Engines<\/h2>\n\n\n\n

The transaction comprises nine GEnx engines for Boeing <\/a>787s, five GP7200 engines for Airbus A380s, one Trent XWB engine for Airbus <\/a>A350, and one V2500 engine for Airbus A320. This diverse engine portfolio supports Etihad’s mixed fleet operations.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The collaboration supports Etihad Airways’ 2030 development plans. This partnership demonstrates the airline’s significant expansion trajectory in the commercial aviation sector.<\/p>\n\n\n\n

The deal showcases the strength of Abu Dhabi’s aviation ecosystem. It represents significant investment in the region’s aerospace capabilities and infrastructure development.<\/p>\n\n\n\n

\"Sanad,
Photo: Sanad Aviation<\/figcaption><\/figure>\n\n\n\n

CEO Remarks<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

MRO transactions between Sanad and Etihad Airways exceed 1.6 Billion US dollars. The partnership expanded in 2011 when Sanad Capital initiated financing services.<\/p>\n\n\n\n

The collaboration further grew in 2013 through component spare-part leasing. Total financing transactions between both entities surpass 800 million USD.<\/p>\n\n\n\n

\"Etihad
Photo: Cl\u00e9ment Alloing<\/figcaption><\/figure>\n\n\n\n

New Widebody Order<\/h2>\n\n\n\n

Etihad Airways has initiated preliminary discussions with Airbus and Boeing for widebody aircraft acquisition. The airline considers ordering either Airbus A350 or Boeing 777X <\/a>models to support its expansion plans.<\/p>\n\n\n\n

Bloomberg <\/a>reports these negotiations remain in early stages, suggesting deal finalization could extend several months. The discussions align with Etihad’s strategic fleet expansion objectives.<\/p>\n\n\n\n

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<\/a><\/em> reported.<\/p>\n\n\n\n

Etihad’s 2007 Paris order <\/strong>included four A340-600s, five A330-200s, and three A330F aircraft. The airline’s 2008 Farnborough order<\/strong> comprised 20 A320s, 25 A350s, ten A380s, 35 Boeing 787s, and ten 777-300ERs.<\/p>\n\n\n\n

In 2009<\/strong>, 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<\/strong>, ordering 17 777-9s, eight 777-8s, and 30 787-10s.<\/p>\n\n\n\n

Feature Image by (1) Cl\u00e9ment Alloing (@CAlloing) \/ X<\/a><\/p>\n\n\n\n

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Etihad to Revive Two A380, New US Destination on Horizon<\/a><\/blockquote>