By Gavin Gibbon
Launch of Sanad is 'a new milestone that will reinvent the customer experience', says Badr Al-Olama
Mubadala Aerospace has merged its MRO and capital businesses with the launch of Sanad, designed to promote Abu Dhabi’s long-term growth in the industry.
Sanad will integrate Sanad Aerotech, the specialist aircraft engine MRO business; Sanad Powertech, the energy and industrial MRO service provider; and Sanad Capital (formerly known as Sanad Aero Solutions), a dedicated leasing partner for the global aerospace industry.
Badr Al-Olama, head of Mubadala Aerospace, said: “Sanad will spearhead Mubadala’s strategic investments in key technologies and capabilities to enhance and strengthen its global positioning. As a trusted partner providing holistic services in aviation and industrial MRO, engine financing, and leasing, Sanad will play a key role in promoting Abu Dhabi as a global aerospace hub.”
Abu Dhabi-based Sanad will build on more than three decades of aviation experience to grow its customer base regionally and globally.
Al-Olama added: “We will invest, employ and deploy Fourth Industrial Revolution technologies to transform our global offering to customers. Consolidating our businesses is pivotal to our vision, as we look to unlock synergies across the entire aviation value-chain.
“Our leadership team has a strong track record of delivering value and the creation of this group is a new milestone that will reinvent the customer experience.”