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FINANCIAL NEWS
UAE Etihad Airways leases USD100m assets from Sanad
17 Feb 2015
(MENAFN) Etihad Airways hired USD100 million of extra engine and component assets from Sanad Aero Solutions, Gulf News reported.
General Electric GEnx, Engine Alliance GP7200 engines, and spare landing gear and nacelles are included among the assets.
Today, Etihad leases assets worth more than USD450 million from Mubadala Development Company subsidiary, Sanad Aero Solutions. Switzerland-based Sanad has over USD900 million worth of assets in its portfolio.
“Our relationship with the airline continues to drive our shared mandate in creating a global aerospace hub here in Abu Dhabi and we look forward to further collaboration,” Sanad chief executive said.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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