Abu Dhabi’s Etihad Airways has mandated Sanad Aero Solutions and Engine Lease Finance Corp to finance its 23 spare engines in a sale-and-leaseback deal valued at $367m it was confirmed yesterday. The transactions are for a 10-year operating lease term. The financing is for 16 in-service spare engines and seven future spare engine deliveries. Sanad, owned by Abu Dhabi government’s Mubadala, will purchase and lease back to Etihad five GE90 and six Rolls Royce Trent 500 engines and Engine Lease Finance Corp. will purchase and lease back to Etihad six Rolls Royce Trent 700 and six IAE V2500 engines. James

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