Tuesday , December 10 2019

Abu Dhabi’s Sanad wins $6.5b Rolls-Royce contract

PARIS / WAM

Abu Dhabi’s Sanad Aerotech on Monday announced the conclusion of a landmark agreement with Rolls-Royce plc to become a Rolls-Royce Trent 700 Authorised Maintenance Centre (AMC).
Sanad Aerotech is a maintenance, repair and overhaul (MRO) provider for aero engines and industrial gas turbines that is wholly owned by Mubadala Investment Company PJSC.
The agreement, which is valued at $6.5 billion (AED23 billion), will see Sanad Aerotech provide complete overhaul services for Trent 700 engines – including component repair — to operators globally, over a nine-year period (2019-2027).
Sanad Aerotech will, under the agreement, more than triple the number of Trent 700 engines it services annually — from the current 22 to 75. This represents 25 percent of the global Trent 700 engine maintenance conducted annually, which will cement the company’s global position as the leading Trent 700 MRO service provider.
“For Sanad Aerotech, as a fully independent MRO with complete Trent 700 capabilities, becoming a Rolls-Royce Authorised Maintenance Centre is a major milestone in our three-decades-long legacy in Abu Dhabi. The magnitude of this agreement will benefit the UAE economy greatly over the coming nine years and reinforce Abu Dhabi’s position as a leading global aerospace hub,” commented Sanad Aerotech’s Chief Executive Officer Mansoor Janahi.
The Abu Dhabi-based MRO has overhauled over 90 Trent 700 engines to date.
With this new agreement, this number is expected to increase to more than 600 over the contract period. To meet the increased load, the MRO is growing its workforce by more than 40 percent to almost 500 aircraft engineers and technicians.
“This agreement involves an upscaling of our capacities for Trent 700, benefiting both Rolls-Royce and other existing customers through access to world-class capabilities and a highly-skilled multinational workforce that overhaul engines to the highest quality,” said Janahi.

About Admin

Check Also

EU imposes five-year tariffs on biodiesel from Indonesia

Bloomberg The European Union (EU) imposed five-year tariffs on biodiesel from Indonesia to counter alleged ...

Leave a Reply

Your email address will not be published. Required fields are marked *