Mubadala Aerospace merges its MRO and capital businesses

Abu Dhabi-based investor Mubadala Investment Company has announced the launch of Sanad, a new company designed to increase the company’s long-term growth. Sanad will integrate MRO specialists Sanad Aerotech, energy and industrial MRO service provider Sanad Powertech and leasing partner Sanad Capital (formerly known as Sanad Aero Solutions). The new aviation powerhouse will provide holistic and comprehensive solutions to support its customers. The Abu Dhabi-based Sanad will build on more than three decades of aviation experience to grow its customer base regionally and globally. Badr Al-Olama, head of Mubadala Aerospace, commented: “Sanad will spearhead Mubadala’s strategic investments in key technologies