Sanad secures five-year contract extension for V2500 MRO services
Company to maintain 30% of South Korea’s Asiana Airlines’ V2500 engine fleet
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension valued at US$ 145mn (AED 532mn).
This agreement emphasizes Sanad’s global industry leadership and commitment to providing elite Maintenance, Repair, and Overhaul (MRO) services for V2500 engines, according to a press communique.
The partnership, which was initiated in 2018, strengthens Sanad’s position as the sole MRO provider for Asiana Airlines in the Middle East and North Africa (MENA) region. This agreement solidifies Sanad’s reputation as a global leading independent MRO service provider and extends the existing partnership with Asiana Airlines for another five years.
Unwavering commitment
“This collaboration reaffirms our unwavering commitment to excellence within the aerospace industry, positioning Abu Dhabi as an innovative and leading hub for aviation solutions and solidifying its reputation as a premier destination for cutting-edge aviation services to top global airline,” stated Mansoor Janahi, Managing Director and Group CEO, Sanad.
“Our relentless drive for excellence is delivering innovative and technical solutions, aligning with Abu Dhabi’s vision of supporting the global aviation sector with top-tier talent, technology, and expertise, which further solidifies its position as a global aviation hub,” commented Baha Salama, General Manager, MRO, Sanad.
“We have selected Sanad as our V2500 MRO service provider for another five years because we are convinced it is qualified to satisfy our requirement to support our A320 and A321ceo fleet,” remarked Hoon Bae, Principal General Manager Purchasing, Asiana Airlines.
