Abu Dhabi's Sanad signs Dh1bn engine maintenance deal
Sanad Aerotech will provide IAE with expanded MRO services for its V2500 engines that power the Airbus A320 family of jets
Abu Dhabi's Sanad Aerotech, a unit of Mubadala Investment Company, signed a Dh1 billion engine maintenance deal with Pratt & Whitney and International Aero Engines (IAE).
Under the new agreement, Sanad Aerotech will provide IAE with expanded maintenance, repair and overhaul services for its V2500 engines, which power the Airbus A320 family of aircraft, the Mubadala unit said in a statement on Monday during the Global Aerospace Summit.
“We are signing this new agreement at a critical stage in the history of the aviation industry," Mansoor Janahi, deputy group chief executive of Sanad, said. "This agreement is another testament [to] Abu Dhabi’s established position as a reliable global centre for the aerospace industry and its state-of-the-art engineering services."
During the Global Aerospace Summit, which is being hosted online by Mubadala and Abu Dhabi defence company Edge, industry leaders convened to discuss the impact of Covid-19 on the aerospace, defence and space industries.
Sanad has not faced any disruptions to its operations during the pandemic, as it ensured the "supply chain was intact", Mr Janahi said during the summit.
The new agreement expands the co-operation between Sanad and IAE in the maintenance, repair and overhaul of aircraft (MRO) engines. Under the agreement, IAE, the manufacturer of V2500 engines, will offload V2500 engines for MRO services to Sanad’s facility in Abu Dhabi Airports Free Zone.
"The relationship between Pratt & Whitney, IAE and Sanad is strong and we look forward to continuing to strengthen it for years to come. We expect our V2500 customers will benefit greatly from the MRO services provided by Sanad," Dave Emmerling, vice president of Pratt & Whitney's commercial aftermarket unit, said.
Sanad provides aerospace engineering and leasing services, counting global engine makers such as Rolls-Royce, GE Aviation and Pratt & Whitney among its customer base.
It has serviced more than 300 V2500 engines since 2012 with year-on-year growth of over 19 per cent. More than 7,000 V2500 engines, which power Airbus A320 aircraft, have been sold worldwide and it is in service with 190 airlines and leasing companies.
Updated: September 28, 2020 08:10 PM