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November 26, 2015 1:38 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


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 2015.

Sanad Aero Solutions Gmbh. Key Developments

Sanad Aero Solutions Inks Deal to Expand Etihad Spare Parts Pact

Sanad Aero Solutions announced that it has expanded its equipment leasing agreement with Etihad Airways with new assets worth $100 million. The company said in a statement that its leasing portfolio of spare engines and components with Etihad Airways now exceeds $450 million, including spare GEnx and GP7200 engines and spare landing gear and nacelles, to support the airline's growing fleet. Sanad's relationship with Etihad Airways began in 2011 through the financing of 11 GE90 and Rolls-Royce Trent spare engines, and the two companies extended this in 2013 through the financing of rotable component spares valued at over $125 million.

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.

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