Sanad, a prominent aerospace engineering and leasing solutions provider owned by Mubadala Investment Company PJSC, has announced a significant contract extension with Asiana Airlines, the second-largest airline in South Korea. The five-year deal, valued at $145 million, solidifies Sanad’s commitment to providing Maintenance, Repair, and Overhaul (MRO) services for V2500 engines.
The agreement, revealed during the esteemed MRO Americas event in Chicago, underscores Sanad’s role as the sole MRO provider for Asiana Airlines in the Middle East and North Africa (MENA) region. Leveraging its state-of-the-art facilities in Abu Dhabi, Sanad will continue servicing Asiana Airlines’ V2500 engine fleet.
Asiana Airlines, boasting a fleet of over 80 aircraft operating across 80 global destinations, emphasizes the importance of Sanad’s expertise in maintaining their A320 and A321ceo fleet. Mansoor Janahi, Managing Director and Group CEO of Sanad, reiterated the company’s dedication to excellence in the aviation MRO sector, positioning Abu Dhabi as a hub for aviation solutions.
Baha Salama, General Manager of MRO at Sanad, expressed enthusiasm about the renewed collaboration, emphasizing Sanad’s commitment to delivering innovative solutions aligned with Abu Dhabi’s vision of supporting the global aviation sector. Hoon Bae, Principal General Manager Purchasing of Asiana Airlines, echoed this sentiment, highlighting Sanad’s strong support in meeting their requirements.
With over 35 years of experience in aviation MRO and a diverse client base spanning across continents, Sanad’s extension of partnership with Asiana Airlines marks a significant milestone in the aviation industry, fostering continued growth and innovation.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
12th April, 2024
