July 13, 2014 2:24 AM ET

Commercial Services and Supplies

Company Overview of Sanad Aero Solutions Gmbh.

Company Overview

Sanad Aero Solutions Gmbh. offers aviation equipment purchasing, leasing, and management services. It provides engine and spare part purchasing and leasing, equipment repairing, and inventory management services. The company was founded in 2010 and is headquartered in Zurich, Switzerland.

Zurich Airport

Zurich,  8058

Switzerland

Founded in 2010

Key Executives for Sanad Aero Solutions Gmbh.

Chief Executive Officer
Interim Chief Financial Officer
Chief Operating Officer
Chief Commercial Officer
Compensation as of Fiscal Year 2014.

Sanad Aero Solutions Gmbh. Key Developments

airberlin and Sanad Aero Solutions GMBH Extend Cooperation

airberlin and Sanad Aero Solutions GMBH extended their cooperation. The new contract includes adding four new CFM56-7B engines under a sale and lease back agreement and takes out three older CFM56-7B. This expands the current engine portfolio with Sanad to include fifteen spare engines, increasing airberlin's operational efficiencies and expanding Sanad's lease pool arrangement, utilizing spare capacity across Mubadala's MRO Network customer base.

Sanad Aero Solutions Expands its Relationship with Abu Dhabi National Leasing

Sanad Aero Solutions, is expanding its relationship with Abu Dhabi National Leasing, the lease financing arm of the National Bank of Abu Dhabi, to over AED 1.47 billion with the most recent transaction supporting Etihad Airways' long term spare component programme.

Etihad Airways P.J.S.C. Extends its Relationship with Sanad Aero Solutions Gmbh

Etihad Airways P.J.S.C. has extended its relationship with Sanad Aero Solutions Gmbh. 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 key component spares consist of 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 for the financing of 11 spare aircraft engines: five General Electric GE 90 and six Rolls Royce Trent 500. The deal also drives value for both Sanad and Etihad Airways, and will ensure that the UAE's reputation as an aerospace and aviation centre of excellence continues to grow.

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