Abu Dhabi’s Sanad, a leader in aerospace engineering and leasing solutions, has secured a significant boost to its business with a five-year contract extension valued at $145 million (AED532 million) with South Korea’s Asiana Airlines. This renewed partnership strengthens Sanad’s position as a major player in the global Maintenance, Repair, and Overhaul (MRO) industry.
The agreement focuses on the upkeep of the V2500 engines, a workhorse of the aviation industry. Manufactured by International Aero Engines, these engines power a substantial portion of the Airbus A320 and A321ceo aircraft around the world, including a significant number in Asiana Airlines’ fleet. Under the extended contract, Sanad will be responsible for maintaining 30% of Asiana’s V2500 engines, ensuring the continued smooth operation of their Airbus A321 airplanes.
This extension builds upon a successful initial agreement established in 2018. Sanad’s extensive experience and expertise in V2500 engine MRO services were key factors in Asiana’s decision to renew the partnership. Sanad boasts over 35 years in the MRO industry, and since 2012 alone, they have serviced more than 600 V2500 engines. Their state-of-the-art facilities in Abu Dhabi are equipped to handle all aspects of V2500 engine maintenance, from routine inspections to comprehensive overhauls.
The extended contract signifies a win-win situation for both parties. Sanad secures a valuable long-term client and further solidifies its reputation as a trusted provider of high-quality MRO services. Asiana Airlines, on the other hand, benefits from Sanad’s proven track record, technical expertise, and geographically convenient location in the Middle East. This renewed partnership ensures their A321 fleet remains well-maintained, contributing to operational efficiency and passenger safety.
This agreement also highlights the growing importance of the Middle East as a hub for MRO services. Sanad’s success story is a testament to the region’s ability to attract major airlines seeking reliable and cost-effective solutions for their aircraft maintenance needs. As the aviation industry continues to expand, Sanad is well-positioned to capitalize on this trend and solidify its place as a leader in the global MRO market.
