Latest news with #MansoorJanahi
Zawya
23-05-2025
- Business
- Zawya
Sanad, GE Aerospace sign MoU to shape future of UAE's aerospace talent
Sanad, a leader in aerospace engineering and leasing solutions wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company, has signed a Memorandum of Understanding (MoU) with GE Aerospace, a world-leading provider of jet engines, components and systems for commercial and military aircraft, at the 'Make it in the Emirates' held in Abu Dhabi. The agreement builds on a long-standing partnership established in 2013, with a new focus on advancing human capital through immersive training, innovation-driven programs, and structured knowledge-sharing initiatives. Amid a projected surge in global demand for Maintenance, Repair and Overhaul (MRO) professionals, with the sector expected to reach $169 billion by 2037, this partnership aims to strengthen the UAE's talent pipeline and reinforce Abu Dhabi's role as a global aerospace hub. Through a suite of targeted programmes, Sanad and GE Aerospace will deliver a powerful blend of technical training, job-placement opportunities, and digital learning to prepare the next generation of aerospace professionals. Mansoor Janahi, Managing Director and Group CEO of Sanad, said, 'At Sanad, human capital is our most valuable asset. Our partnership with GE Aerospace enables us to combine Sanad's industry insight with GE's world-renowned training capabilities. Together, we are cultivating a workforce that is future-ready and well-equipped to drive innovation and excellence in aerospace, while advancing Abu Dhabi's leading position in the global aviation industry.' Dave Kircher, GEnx Product Line General Manager at GE Aerospace, stated, 'We are proud to work with Sanad in shaping the future of aerospace talent in the UAE. As a committed partner in the UAE's aviation ecosystem for more than four decades, this MoU reflects our shared continued commitment to knowledge exchange, innovation, and building the next generation of aviation professionals.' Today, Sanad remains the only GEnx overhaul provider in the Middle East, operating under a long-term agreement through 2034. Over the past five years, Sanad has completed more than 250 engine inductions, and this new agreement represents a significant milestone, highlighting the strength of the partnership and Sanad's proven track record in delivering world-class MRO services. The collaboration reflects both organisations' shared commitment to operational excellence, technical innovation, and sustained regional growth.
Gulf Today
08-05-2025
- Business
- Gulf Today
26 teams in fray as second edition of Oasis Cup to begin on Friday in Abu Dhabi
The Oasis Flag Football Cup, the largest and most anticipated flag football tournament in the region, is officially returning from May 9–11 at Active Al Maryah Island, Abu Dhabi. Building on the success of its inaugural edition, the 2025 tournament continues to grow in scale and reputation, uniting top-tier teams and fans for an electrifying celebration of sport, community, and competition. This year's Oasis Cup will welcome 26 elite teams from across the UAE and beyond, more than triple last year's participation, representing eight countries in a high-energy, three-day tournament. As flag football gains global traction ahead of its Olympic debut at Los Angeles 2028, the Oasis Cup reinforces Abu Dhabi's position as a driving force in the sport's regional rise. With a dynamic line-up of fast-paced matches, the tournament showcases the expanding reach and growing popularity of flag football in the region. The Oasis Flag Football Cup is proudly presented by Sanad, the global aerospace engineering and leasing solutions leader, wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala). Sanad's continued support for sports development and active community engagement reflects its broader mission to foster health, wellness, and community engagement through sports. 'Sanad is proud to support the Oasis Flag Football Cup 2025, a vibrant platform that unites athletes and fans from across the region, through the spirit of competition and sportsmanship,' said Mansoor Janahi, Managing Director and Group CEO of Sanad. 'Through this partnership, we continue to champion the UAE's vision of promoting active lifestyles and inclusive sports participation. The Oasis Cup goes beyond the field—it is a celebration of community, unity, and the transformative power of sport.' 'Our vision with the Oasis Flag Football Cup is to create more than just a tournament—we're building a community,' said Basma Abu Al Nasr, Acting CEO of Abu Dhabi Entertainment Company. 'We're proud to see this event become a hub for talent, unity, and high-level competition. As organizers, it's incredibly rewarding to witness how the Oasis Flag Football Cup brings communities together and shines a spotlight on the UAE's leadership in developing emerging sports.' The event is open to the public and promises an engaging experience for all ages, with exciting matches, fan zones, and a festive atmosphere that embodies the spirit of modern sport. Whether you're a long-time flag football enthusiast or a newcomer to the game, Oasis Cup 2025 is a must-attend event on the UAE's sports calendar. Last year, taking home the championship trophy was Kuwaiti team Al Qadsia, handily toppling Egypt's Pharaohs 41 – 12 in a high-energy battle. UAE Eagles earned a third place finish by defeating a worthy opponent, Saudi Arabia-based Al-Bahara.
Al Etihad
07-05-2025
- Business
- Al Etihad
Oasis Flag Football Cup returns for second season to promote Olympic sport
8 May 2025 00:14 ABU DHABI (ALETIHAD)The Oasis Flag Football Cup, the largest tournament for the sport in the region, is returning for a second staging at Al Maryah Island, Abu Dhabi, from May on the success of its inaugural edition, the 2025 tournament continues to grow in scale and reputation, uniting top-tier teams and fans for a celebration of community and competition in a sport which is lining up for a debut at the 2028 Olympics in Los second Oasis Cup will welcome 26 elite teams from across the UAE and beyond, more than triple last year's participation, representing eight countries in a high-energy, three-day flag football gains global traction, the Oasis Cup reinforces Abu Dhabi's position as a driving force in the sport's regional rise. With a dynamic lineup of fast-paced matches, the tournament showcases the expanding reach and growing popularity of flag football in the the weather cooling down a bit, expect more intense action, especially on the weekend. A few matches will be held between 7 pm and midnight on Friday. A full day agenda of matches has been lined up next, with action beginning at 9 am and finishing at 10 pm on Saturday, while the curtains will come down by 4 pm on event is open to the public and promises an engaging experience for all ages, with exciting matches, fan zones, and a festive atmosphere promised by the Oasis Flag Football Cup is presented by Sanad, the global aerospace engineering and leasing solutions leader, wholly owned by Abu Dhabi's sovereign investor, Mubadala Investment Company. Sanad's continued support for sports development and active community engagement reflects its broader mission to foster health, wellness, and community engagement through sports."Through this partnership, we continue to champion the UAE's vision of promoting active lifestyles and inclusive sports participation," said Mansoor Janahi, Sanad's Managing Director and Group Chief Executive tournament is being conducted by Abu Dhabi Entertainment Company. "Our vision is to create more than just a tournament – we're building a community," said Basma Al Nasr, the ADEC Acting CEO. "We're proud to see this event become a hub for talent, unity, and high-level competition. As organisers, it's incredibly rewarding to witness how the Oasis Flag Football Cup brings communities together and shines a spotlight on the UAE's leadership in developing emerging sports."
Al Etihad
18-03-2025
- Automotive
- Al Etihad
Sanad achieves strong results, surpassing Dh4.92 billion in revenues for 2024, marking a 40% surge
Abu Dhabi (Aletihad) Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), has announced exceptional financial results for 2024, surpassing the $1 billion milestone for the first time in its history. The company reported Dh4.92 billion ($1.34 billion) in revenue, a 40% increase from Dh3.4 billion ($925 million) in 2023, underscoring its rapid expansion and strategic market positioning. Sanad's exceptional performance was fueled by unprecedented global demand for engine MRO services, expansion into key global markets, and transformative strategic agreements with leading airlines and global Original Engine Manufacturers (OEM). Sanad's Leasing division witnessed significant achievements, executing five major transactions exceeding Dh1.8 billion ($490 million) in combined value, positioning the division to develop its new long-term growth strategy. The company's Dh33 billion order book was bolstered by major partnerships with Air Mauritius, Deucalion Aviation, Asiana Airlines, and Lion Air, propelling its contracted business by an additional Dh4 billion in 2024. Additionally, Sanad's global expansion strategy was reinforced by establishing a dedicated sales presence in Singapore, further strengthening its footprint in the high-growth APAC region and enhancing its global sales network. Amer Siddiqui, Group Chairman of Sanad, stated, 'Sanad's record-breaking performance in 2024 is a testament to our resilient strategy, operational excellence, and long-term investment plans. This achievement reinforces our pivotal role in Abu Dhabi's vision of becoming a global aviation hub which solidifies Sanad's position as a leader in the global aviation market. Our continued growth underscores the strength of our business model and our unwavering commitment to delivering world-class solutions to our partners from our home base in Abu Dhabi.' Mansoor Janahi, Managing Director and Group CEO of Sanad, said, '2024 was a transformational year for Sanad. Surpassing $1.34 billion in revenue reflects the strong market demand for our services, our advanced engine MRO and leasing capabilities, and the dedication of our exceptional teams. With strategic expansions, new partnerships, and an unwavering focus on innovation and service-delivery, we are well-positioned to sustain this momentum and drive the future of the aerospace sector in Abu Dhabi.' Scaling MRO Capabilities to Meet Unprecedented Demand Sanad further solidified its position as a leading independent engine MRO service provider, recording 161 engine inductions, a 29% increase from 2023. This surge was fueled by soaring demand for Trent 700, V2500, and LEAP engine maintenance. To accommodate this demand, Sanad invested over Dh100 million to expand its MRO infrastructure, ensuring state-of-the-art engine repair and maintenance capabilities. As part of its continued growth, Sanad marked the first anniversary of its LEAP Engine MRO Center which was inaugurated in 2023, expanding its expertise to include both LEAP-1A and LEAP-1B capabilities. This milestone reinforces Sanad's commitment to capability development and service excellence in the global aviation industry. To strengthen its market presence, Sanad has also established a dedicated sales presence in Singapore, complementing its existing sales teams in Europe and the Middle East. This expansion reinforces its global sales network and positions the company closer to key customers in the high-growth APAC region. In 2024, Sanad's MRO division processed 54 V2500 engines, 40 Trent 700 engines, 28 GEnx engines, and 21 LEAP engines, performing over 43,000-part inspections and 19,000 in-house repairs. Additionally, Sanad welcomed seven new customers in 2024, bringing its total customer base to over 40, including leading airlines and OEMs worldwide. This expansion of capacity and capabilities, combined with growing global air travel, positions Sanad as a preferred partner for airlines and OEMs worldwide. Driving Financial Strength Through Strategic Asset Monetization Sanad's Leasing division played a pivotal role in revenue growth executing a total of five strategic deals, with a combined capital value exceeding Dh1.8 billion. These deals underscored Sanad's ability to optimize its asset portfolio and enhance financial strength through strategic monetizations. Among the division's standout achievements was the sale of 16 engines to Etihad Airways, valued at nearly Dh1.5 billion. Additionally, high-value CFM56 engine transactions with CFM Materials and component sales to AerSale, further bolstered Sanad's financial position, demonstrating its ability to extract maximum value from its leasing assets. Sanad also completed the sale of a GE90 engine and key component transactions with AerCap, executed the sale of two CFM56-7B26 engines to CFM Materials. These strategic asset monetization efforts further enhanced Sanad's financial position and supported its long-term growth strategy. Human Capital Investments: Strengthening the Future Workforce Sanad's workforce saw a 20% expansion in 2024, with over 130 new hires joining the company. Emiratization remained a core focus, with UAE Nationals now comprising 32% of the workforce, a 19% increase from 2023. The company accelerated talent development through apprenticeship programs and leadership initiatives, investing in over 3,109 training hours in upskilling programs. Strategic collaborations with global OEMs such as Rolls-Royce and leading academic institutions, including Embry-Riddle Aeronautical University and Khalifa University further underscore Sanad's commitment to developing the next generation of aerospace leaders. These programs span multiple levels, covering technical training, leadership development, and specialized upskilling initiatives to ensure a highly capable and future-ready workforce. Commitment to Quality and Safety Sanad continued to uphold the highest safety and quality standards, securing a new certification from the European Aviation Safety Agency (EASA) and implementing an advanced Safety Management System (SMS). The company's compliance with 23+ global aviation authorities, including EASA, FAA, and the Chinese aviation authority, reaffirms its commitment to regulatory excellence and global operational reliability. Looking Ahead: Innovation and Expansion Sanad is strategically poised for further global expansion, with plans to increase engine MRO capacity within the UAE while targeting global growth in emerging markets in Africa, India, and Southeast Asia. The company is strengthening its human capital development, forging strategic industry collaborations, and continues to invest in cutting-edge MRO solutions, automation, and AI-driven initiatives to drive efficiency and innovation. Strengthening its global partnerships remains a priority as Sanad reinforces its leadership role in the aviation industry. Looking ahead, Sanad remains focused on delivering long-term stakeholder value, driving industry innovation, and further establishing Abu Dhabi as a global aviation hub.
Trade Arabia
13-03-2025
- Automotive
- Trade Arabia
Sanad achieves $1.34bn revenue for 2024, up 40%
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company (Mubadala), has announced exceptional financial results for 2024, with revenue surpassing the $1-billion milestone for the first time in its history. The company reported AED4.92 billion ($1.34 billion) in revenue, a 40 percent increase from AED3.4 billion ($925 million) in 2023, underscoring its rapid expansion and strategic market positioning, said a WAM news agency report. Sanad's exceptional performance was fuelled by unprecedented global demand for engine MRO services, expansion into key global markets, and transformative strategic agreements with leading airlines and global Original Engine Manufacturers (OEM). Sanad's leasing division witnessed significant achievements, executing five major transactions exceeding AED1.8 billion in combined value, positioning the division to develop its new long-term growth strategy. The company's AED33 billion order book was bolstered by major partnerships with Air Mauritius, Deucalion Aviation, Asiana Airlines, and Lion Air, propelling its contracted business by an additional AED4 billion in 2024, it said. Additionally, Sanad's global expansion strategy was reinforced by establishing a dedicated sales presence in Singapore, further strengthening its footprint in the high-growth APAC region and enhancing its global sales network. Amer Siddiqui, Group Chairman of Sanad, stated: 'Sanad's record-breaking performance in 2024 is a testament to our resilient strategy, operational excellence, and long-term investment plans. This achievement reinforces our pivotal role in Abu Dhabi's vision of becoming a global aviation hub which solidifies Sanad's position as a leader in the global aviation market. Our continued growth underscores the strength of our business model and our unwavering commitment to delivering world-class solutions to our partners from our home base in Abu Dhabi.' Mansoor Janahi, Managing Director and Group CEO of Sanad, said: '2024 was a transformational year for Sanad. Surpassing US$1.34 billion in revenue reflects the strong market demand for our services, our advanced engine MRO and leasing capabilities, and the dedication of our exceptional teams. With strategic expansions, new partnerships, and an unwavering focus on innovation and service-delivery, we are well-positioned to sustain this momentum and drive the future of the aerospace sector in Abu Dhabi.' Sanad further solidified its position as a leading independent engine MRO service provider, recording 161 engine inductions, a 29 percent increase from 2023. This surge was fueled by soaring demand for Trent 700, V2500, and LEAP engine maintenance. To accommodate this demand, Sanad invested over AED100 million to expand its MRO infrastructure, ensuring state-of-the-art engine repair and maintenance capabilities. In 2024, Sanad's MRO division processed 54 V2500 engines, 40 Trent 700 engines, 28 GEnx engines, and 21 LEAP engines, performing over 43,000-part inspections and 19,000 in-house repairs. Additionally, Sanad welcomed seven new customers in 2024, bringing its total customer base to over 40, including leading airlines and OEMs worldwide. This expansion of capacity and capabilities, combined with growing global air travel, positions Sanad as a preferred partner for airlines and OEMs worldwide. Sanad's workforce saw a 20 percent expansion in 2024, with over 130 new hires joining the company. Emiratisation remained a core focus, with UAE nationals now comprising 32 percent of the workforce, a 19 percent increase from 2023.
