Sanad expands lease finance relationship with ADNL

Mubadala's aircraft engine and components financing and leasing solutions company Sanad is expanding its relationship with Abu Dhabi National Leasing (ADNL), the wholly owned lease financing arm of the National Bank of Abu Dhabi to more than $400 million following the most recent transaction which supports national carrier, Etihad Airways, long term spare component program.
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Sanad and ADNL have been working together since late 2011 in providing innovative spare engine and component leasing solutions to an expanding number of industry leading airlines globally.
This is the fourth transaction executed by the companies, extending direct and indirect support to a growing number of airlines in collaboration with Mubadala’s MRO service providers, SR Technics and Abu Dhabi Aircraft Technologies (ADAT).            
CEO of Sanad, Troy Lambeth said: “Expanding our relationship with ADNL through this transaction is evidence of our ongoing commitment to growing the spares platform and our shared ambition to expand locally and globally. The relationship continues to strengthen our capacity to serve a rapidly growing global spares market.”

 

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