Sanad portfolio value to increase to $1.5bn by 2020

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By TESTCustomwebLP TESTCustomwebLP March 5, 2015 16:50

Sanad portfolio value to increase to $1.5bn by 2020

In an interview with Troy Lambeth, chief executive of Sanad Aero Solutions (Sanad), Mubadala’s spare engine and component leasing and financing company, stated that the company expects to increase its portfolio value to more than $1.5 billion (dh5.5 billion) by 2020 – a rise of $900 million from today. A very large proportion of this is expected to be made up of engine and components for Boeing’s 787 Dreamliner. “Within our portfolio and partner group there is a lot of 787 orders,” Lambeth said.

Besides Etihad, Sanad’s customers are Air Berlin, Virgin Australia, Finnair and Aeromexico. It also serves flydubai, Indonesia’s Garuda and Ethiopian Airlines through Mubadala subsidiary SR Technics.

Lambeth said he expects to buy more engines for the Airbus A380, the world’s largest passenger jet, but not on the same scale as the 787.

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By TESTCustomwebLP TESTCustomwebLP March 5, 2015 16:50