Abu Dhabi’s Sanad, a pacesetter in aerospace engineering and leasing options, has secured a big enhance to its enterprise with a five-year contract extension valued at $145 million (AED532 million) with South Korea’s Asiana Airways. This renewed partnership strengthens Sanad’s place as a significant participant within the international Upkeep, Restore, and Overhaul (MRO) trade.
The settlement focuses on the maintenance of the V2500 engines, a workhorse of the aviation trade. Manufactured by Worldwide Aero Engines, these engines energy a considerable portion of the Airbus A320 and A321ceo plane world wide, together with a big quantity in Asiana Airways’ fleet. Beneath the prolonged contract, Sanad will likely be accountable for sustaining 30% of Asiana’s V2500 engines, making certain the continued clean operation of their Airbus A321 airplanes.
This extension builds upon a profitable preliminary settlement established in 2018. Sanad’s in depth expertise and experience in V2500 engine MRO companies had been key elements in Asiana’s choice to resume the partnership. Sanad boasts over 35 years within the MRO trade, and since 2012 alone, they’ve serviced greater than 600 V2500 engines. Their state-of-the-art services in Abu Dhabi are geared up to deal with all facets of V2500 engine upkeep, from routine inspections to complete overhauls.
The prolonged contract signifies a win-win scenario for each events. Sanad secures a invaluable long-term consumer and additional solidifies its status as a trusted supplier of high-quality MRO companies. Asiana Airways, alternatively, advantages from Sanad’s confirmed observe document, technical experience, and geographically handy location within the Center East. This renewed partnership ensures their A321 fleet stays well-maintained, contributing to operational effectivity and passenger security.
This settlement additionally highlights the rising significance of the Center East as a hub for MRO companies. Sanad’s success story is a testomony to the area’s means to draw main airways looking for dependable and cost-effective options for his or her plane upkeep wants. Because the aviation trade continues to increase, Sanad is well-positioned to capitalize on this pattern and solidify its place as a pacesetter within the international MRO market.