Etihad inks component spares deal with Sanad

Etihad Airways, the national airline of the UAE, has extended its relationship with Sanad Aero Solutions with a 10-year agreement for the sale and lease back of some of the airline’s key component spares. The deal, valued at over $125 million, will see Sanad, Mubadala Aerospace’s spare engine and components financing and leasing solutions company, purchasing and leasing back to Etihad Airways key rotable component spares. The deal involves aircraft spare parts for Etihad Airways’ entire fleet of passenger and cargo aircraft. The transaction expands upon a similar sale and lease back deal between the two companies in late 2011