Tuesday 23 July 2013

Mubadala unit taps plane parts demand - The National

Mubadala unit taps plane parts demand - The National:

"Sanad Aero Solutions, Mubadala's aircraft engine and components financing and leasing company, has grown its assets under management by more than 50 per cent to US$700 million in the past 18 months as global demand builds for spare parts.

The latest chapter in the company's expansion emerged yesterday when it announced its partnership with Abu Dhabi National Leasing (ADNL), the wholly owned lease financing arm of National Bank of Abu Dhabi, had reached more than $400m in sales. The two companies have worked together on components and financing deals for a number of airlines, most recently Etihad Airways."

'via Blog this'

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