Sanad has partnered with the Arab Air Carriers Organisation (AACO) to provide the association’s 27 carrier members with access to Sanad’s industrial service capabilities. 

The affiliation, which sees Sanad appointed as AACO’s Industry Partner, provides a strategic platform for extensive knowledge exchange and access for the AACO members, with Sanad expecting to leverage the tie-up to expand regional service partnerships and build on its industry-leading expertise in servicing global OEMs and airlines.

“Our partnership with AACO provides its members and Sanad with a mutually beneficial platform to explore greater collaborative opportunities and share knowledge and experience to drive excellence across the aviation sector,” said Mansoor Janahi, deputy group CEO, Sanad. “With more than three decades’ experience across MRO and leasing, we look forward to working with AACO and its members to further our collective ambitions.”

Financing agreement 

At the Dubai Airshow this week, Sanad also announced it secured a new US$ 100 million evergreen revolving credit facility with First Abu Dhabi Bank (FAB) the UAE’s largest bank.

The new financing deal extends Sanad and FAB’s 10-year relationship which has now seen the two UAE-based companies close over US$ 950 million worth of combined agreements. The various financings are extended in support of Sanad’s global spare engine leasing and component access portfolios.

Troy Lambeth, group chief executive officer of Sanad, said: “Our longstanding banking relationship with FAB, the oldest and largest within Sanad, has played a key role in our growth as a reliable financial solutions provider within the industry. Working closely with each of our banking partners, we have been well positioned to provide attractive long-term financing solutions to our customers since our launch. We are delighted to see our relationship with FAB expand to this new facility as we now look to extend our product and service offerings further across the industrial services sector.”