Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader.
12 April 2021: Sanad Capital recently closed a USD 55 million debt financing deal with the Commercial Bank of Dubai, one of the UAE’s leading financial institutions. This first ever collaboration will fund the purchase of two new GEnx and XWB engines that were recently acquired through a long-term sale and leaseback agreement.
Troy Lambeth, Group CEO, Sanad said, “Our partnership with the Commercial Bank of Dubai is a strong validation of Sanad Capital’s ability to attract liquidity that supports growth targets, especially in the challenging current environment. We look forward to growing our relationship with the Commercial Bank of Dubai as part of Sanad’s ongoing commitment to support the global aviation industry in years to come.”
Dr. Bernd van Linder, Chief Executive Officer, CBD said, “We are delighted to partner with Sanad and support them as they look to grow and expand their business. Sanad Capital has an exemplary performance track record in the aircraft engine and component leasing space, and we look forward to strengthening our relationship and facilitating their future expansion as well.”
Just last year Sanad Capital announced a USD 900 million plus deal with Etihad Airways which covers the additional spare engines and rotable components, including a sale-and-leaseback (SLB) agreement for an additional GEnx engine and a Rolls Royce Trent XWB engine, with a second XWB spare option.
Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader.
