Sanad, a global leader in aerospace engineering and leasing solutions, recently announced a strategic sales transaction with CFM Materials, the world’s largest supplier of components used for CFM International engines. This partnership signifies Sanad’s commitment to strengthening industry collaborations and enhancing its market position in the aviation sector.
By selling two CFM56 engines to CFM Materials, Sanad is actively managing its portfolio and strategically allocating capital to drive growth in its MRO division. This transaction marks a significant milestone in Sanad’s ongoing strategy to leverage its existing assets and solidify its role as a key player in the aviation landscape.
Kashish Kohli, CFO and Senior VP of Sanad Leasing Division, expressed enthusiasm about the collaboration, noting the mutual benefits it will bring to both organizations. The partnership opens up new opportunities for CFM Materials to support MRO networks, airlines, lessors, and manufacturers worldwide, meeting the growing demand for their products and services.
Rudy Bryce, President and CEO of CFM Materials, highlighted the importance of this agreement in expanding their leasing park and establishing themselves as a reliable partner for CFM56 engine owners and operators globally. With a proven track record of operational excellence and strong partnerships across the globe, Sanad remains a pioneer in aerospace engineering and leasing solutions.
The Sanad Leasing division, a key component of the company’s comprehensive offerings, boasts a substantial portfolio of assets exceeding $700 million. This demonstrates Sanad’s dedication to supporting the evolving needs of the aviation industry and providing integrated solutions that drive growth for its partners.
If you’re looking for more information about this strategic sales transaction between Sanad and CFM Materials, visit Sanad’s website at http://www.sanad.ae. Stay updated on the latest news and updates by following Sanad on Instagram, Facebook, and LinkedIn under the handle @TheSanadGroup.
CFM Materials, a joint venture of GE Aerospace and Safran Aircraft Engines, is committed to supplying high-quality components for CFM International engines used in various commercial and military aircraft. With warehouses around the world and a strong presence in the MRO network, CFM Materials continues to be a trusted partner for aircraft owners, operators, and service providers.
For media inquiries or further information, contact Raneem Khatib at Edelman. Phone contact: +971 50 204 9791.
Photo: https://mma.prnewswire.com/media/2408079/Sanad_CFM.jpg
In conclusion, the collaboration between Sanad and CFM Materials signifies a strategic move in the aviation industry, enhancing both companies’ market positions and fostering long-term partnerships.
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