Latest news with #KashishKohli
Al Etihad
20-05-2025
- Automotive
- Al Etihad
Sanad, Etihad strengthen aviation supply chain with Trent 700 engine transaction
20 May 2025 16:37 ABU DHABI (WAM) Sanad, the global aerospace engineering and leasing solutions leader, wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), has announced the acquisition of Rolls Royce Trent 700 engines from Etihad Airways (EY), the national airline of the United Arab agreement was signed by Kashish Kohli, Group Chief Financial Officer of Sanad, and Captain Majed Al Marzouqi, Interim Chief Operations and Guest Officer, during the third edition of the Make it in the Emirates Forum, underscoring both companies' alignment with the UAE's national industrial strategy and long-term vision for localised aerospace capabilitiesThis strategic acquisition marks a major milestone in Sanad's efforts to expand its global engine asset management and MRO capabilities. It also reinforces the UAE's ambition to establish a globally competitive aviation supply chain acquiring these engines, Sanad expands its ability to support airlines worldwide with cost-effective spare parts and flexible leasing solutions, enhancing turnaround times, reducing maintenance costs, and boosting operational efficiency across its global customer deal comes at a pivotal moment for the aviation industry. As operators continue to prioritise efficiency and fleet longevity amid persistent supply chain disruptions and delays in new aircraft deliveries, platforms like the Rolls-Royce Trent 700 remain in high designed for the Airbus A330, the Trent 700 has achieved a 60 percent market share, over 2,000 units delivered to date, and more than 60 million flight hours logged. Its proven efficiency and reliability make it a key platform for Sanad to deliver sustainable lifecycle solutions and long-term value to operators Janahi, Managing Director and Group CEO, highlighted the significance of the transaction, saying, 'This acquisition represents a strategic step forward in our two-decade partnership with Etihad, enabling us to expand our capabilities and meet the evolving needs of the regional and global aviation markets. As the only independent MRO provider in the world with a long-term strategic partnership with Rolls-Royce for the Trent 700, Sanad currently services 25% of the global Trent 700 fleet."This acquisition not only deepens that capability, it reinforces Abu Dhabi's role as a global center for aerospace innovation and sustainable industrial growth. Our partnership with Etihad Airways continues to drive tangible value, demonstrating how collaboration between UAE national champions.'Antonoaldo Neves, Etihad Airways Chief Executive Officer, commented, 'This is a mutually beneficial agreement that reflects our commitment to optimising our fleet as we phased out the A330ceo. It supports a trusted UAE partner and contributes to the growth of the local aerospace sector.'Beyond meeting immediate market demand, this acquisition plays a critical role in advancing the UAE's national strategy to localise aerospace capabilities, accelerate sustainable economic growth, and position Abu Dhabi as a leading global aviation supply chain hub. By expanding its service portfolio, Sanad is driving international investment, cultivating local talent, and delivering world-class MRO and leasing solutions from Abu Dhabi to the global aviation market.
Trade Arabia
06-02-2025
- Business
- Trade Arabia
AerSale, Sanad Group ink strategic inventory sale agreement
AerSale, Inc., a leading provider of aviation products and services, today (February 6) has announced at the Airline Economics Conference the acquisition of a parts portfolio from the Sanad Group, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company. The portfolio includes high-demand components for widely operated aircraft models such as the 737NG, A320 Family, A330/340, Boeing 777, Embraer E-Jet, and various Quick Engine Change (QEC) kits. Among the inventory is an overhauled A330 Enhanced landing-gear shipset with top-tier traceability, ensuring seamless support for AerSale's customer requirements. This strategic transaction supports AerSale's ability to meet the growing needs of its global customer base while bolstering Sanad's strategy of fostering industry partnerships and optimising its diversified component portfolio for long-term growth. The collaboration between AerSale and Sanad reflects a shared vision to leverage complementary expertise and expand their global reach. The acquisition of this inventory portfolio enhances AerSale's ability to serve a diverse and growing global customer base by expanding its inventory breadth with top-quality parts for widely operated aircraft. Additionally, the agreement strengthens Maintenance, Repair, and Overhaul (MRO) synergies between AerSale and Sanad, enabling both organisations to address evolving customer needs and develop innovative solutions for the aviation industry. By leveraging their shared expertise and complementary strengths, AerSale and Sanad are well-positioned to further their mutual objectives and deliver value to their customers worldwide. "This acquisition positions AerSale to better meet the needs of our global customers by expanding our inventory of top-quality parts for the most widely operated commercial aircraft," said Gary Jones, Chief Operating Officer at AerSale. "We are excited to collaborate with Sanad Group to explore new opportunities for MRO expansion and continued innovation within the aviation industry," he stated. Kashish Kohli, Sanad Group Chief Financial Officer, and SVP of the Sanad Leasing Division, said: "This sale to AerSale is a testament to Sanad's commitment to aligning with global industry leaders and deliver value-driven solutions for the aviation industry. The transaction reflects our continued focus on the delivery of Sanad's strategy." "By partnering with AerSale, we are creating new avenues for collaboration that will drive mutual growth and innovation. We look forward to building on this relationship and serving the evolving needs of the global aviation industry," he noted. With the addition of this extensive parts portfolio, AerSale strengthens its position as a premier provider of comprehensive aviation parts, services, and tailored solutions to meet the diverse needs of its global customers.
Zawya
06-02-2025
- Business
- Zawya
AerSale, Sanad Group strengthen industry collaboration with strategic inventory sale
AerSale, Inc., a leading provider of aviation products and services, today announced at the Airline Economics Conference the acquisition of a parts portfolio from the Sanad Group, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala). The portfolio includes high-demand components for widely operated aircraft models such as the 737NG, A320 Family, A330/340, Boeing 777, Embraer E-Jet, and various Quick Engine Change (QEC) kits. Among the inventory is an overhauled A330 Enhanced landing-gear shipset with top-tier traceability, ensuring seamless support for AerSale's customer requirements. This strategic transaction supports AerSale's ability to meet the growing needs of its global customer base while bolstering Sanad's strategy of fostering industry partnerships and optimising its diversified component portfolio for long-term growth. The collaboration between AerSale and Sanad reflects a shared vision to leverage complementary expertise and expand their global reach. The acquisition of this inventory portfolio enhances AerSale's ability to serve a diverse and growing global customer base by expanding its inventory breadth with top-quality parts for widely operated aircraft. Additionally, the agreement strengthens Maintenance, Repair, and Overhaul (MRO) synergies between AerSale and Sanad, enabling both organisations to address evolving customer needs and develop innovative solutions for the aviation industry. By leveraging their shared expertise and complementary strengths, AerSale and Sanad are well-positioned to further their mutual objectives and deliver value to their customers worldwide. "This acquisition positions AerSale to better meet the needs of our global customers by expanding our inventory of top-quality parts for the most widely operated commercial aircraft," said Gary Jones, Chief Operating Officer at AerSale. "We are excited to collaborate with Sanad Group to explore new opportunities for MRO expansion and continued innovation within the aviation industry." Kashish Kohli, Sanad Group Chief Financial Officer, and SVP of the Sanad Leasing Division, remarked, 'This sale to AerSale is a testament to Sanad's commitment to aligning with global industry leaders and deliver value-driven solutions for the aviation industry. The transaction reflects our continued focus on the delivery of Sanad's strategy. By partnering with AerSale, we are creating new avenues for collaboration that will drive mutual growth and innovation. We look forward to building on this relationship and serving the evolving needs of the global aviation industry.' With the addition of this extensive parts portfolio, AerSale strengthens its position as a premier provider of comprehensive aviation parts, services, and tailored solutions to meet the diverse needs of its global customers. The company remains committed to providing unparalleled value to its customers by maintaining the highest standards of quality and service.
