Etihad Signs Spares Financing Deal

Etihad Airways has signed a 10-year contract with aircraft finance company Sanad Aero Solutions (Sanad) for the sale and lease back of spare engines and rotable components.

Etihad Airways has signed a 10-year contract with aircraft finance company Sanad Aero Solutions (Sanad) for the sale and lease back of spare engines and rotable components.

The contract, valued at $125m according to local media reports, includes spare GEnx and GP7200 engines, as well as landing gear and nacelles for use on Etihad’s fleet of 777, 787, A320 and A380 aircraft.

Sanad said the overall value of its relationship with Etihad, which began in 2011 with the financing of 11 spare engines, now exceeds $540m.  

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish