Le Lézard
Classified in: Mining industry, Science and technology, Business
Subject: LIC

SANAD AND TRIUMPH TO PARTNER ON NEW UAE MRO CAPABILITY


BERWYN, Pa., May 24, 2022 /PRNewswire/ -- Sanad, the global aerospace engineering and leasing solutions leader wholly-owned by Abu Dhabi's Mubadala Investment Company PJSC (Mubadala), and Triumph Group, Inc. (TRIUMPH) [NYSE: TGI], a US-based aerospace manufacturer and MRO provider, with significant engine component repair experience, today announced the signing of a memorandum of understanding (MoU) outlining their plans to collaborate on the provision of next-generation engine Maintenance, Repair and Overhaul (MRO) capabilities in the United Arab Emirates (UAE).

Sanad and TRIUMPH Signing Ceremony

Through this strategic relationship, Sanad and TRIUMPH intend to collaborate to provide critical MRO solutions for multiple engine types for aerospace and aviation industry operators across the Middle East and Africa (MEA) region.

The partnership would advance Sanad's service offerings beyond engine overhauls while simultaneously providing TRIUMPH with an immediate footprint in the Middle East & Africa and jointly establishing a dedicated "Center of Excellence" in Abu Dhabi, where Sanad and TRIUMPH can offer their unique MRO capabilities for next generation engines to global customers. The parties also intend to jointly provide MRO solutions for V2500, CFM and GE90 engine accessory repairs and overhauls.  

"The discussions around this partnership with Sanad have progressed very quickly and confirmed the need for establishing the only comprehensive engine components MRO in the Middle East region," said Jim Berberet, President of TRIUMPH Product Support. "Aside from offering a mature business environment and strategic geographical proximity at the intersection of Europe, Asia and Africa, Abu Dhabi is very active and well-known as a global aerospace hub. Sanad, a well-established leader in global MRO services, also boasts significant in-market skillsets to support the strategic relationship. We are very excited to better serve one of the fastest growing markets in the world and offer reliable solutions on legacy and new generation engines together with Sanad."

Mansoor Janahi, Group CEO of Sanad, added: "As part of our ongoing expansion efforts across the Middle East and emerging African markets, our strategic alliance with TRIUMPH will amplify Sanad's ability to offer best-in-class MRO solutions to major industry players across two continents ? and beyond. We look forward to collaborating with TRIUMPH, sharing best practices, offering new service solutions to our customers, and further elevating Abu Dhabi's standing as a globally recognized capital of MRO excellence."

About Sanad:
A wholly owned subsidiary of Mubadala Investment Company and a global aerospace engineering and leasing solutions leader, Sanad builds on more than three decades of industrial experience. With its name derived from the Arabic word for support, Sanad supports its customers where and when it matters most. Through engineering and leasing excellence, Sanad is underpinned by industry-leading reliability, innovation, and technology. As a leading integrated industrial service provider, Sanad is well positioned to maintain aircraft engines to the highest standards using the latest Fourth Industrial Revolution technologies and provide lease finance solutions that create value and flexibility for its customers and partners. Headquartered in Abu Dhabi with offices in Abu Dhabi and Zurich, Sanad has a global customer base working closely with major OEMs and industry leading airlines.  

For more information, please visit www.sanad.ae 

About TRIUMPH:
TRIUMPH, headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. With locations across the globe, TRIUMPH serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about TRIUMPH can be found on the company's website at www.triumphgroup.com.

SOURCE Triumph Group


These press releases may also interest you

at 12:30
New data presented in two separate oral presentations at the European Association for the Study of the Liver's International Liver Congress 2022 (EASL ILC 2022)Following 90 days of dosing, ATI-2173, in combination with tenofovir disoproxil fumarate...

at 09:05
Ionis Pharmaceuticals, Inc. , today...

at 06:15
Using Verv, business customers in Europe can open a digital bank account with its unique IBAN ? International Bank Account Number ? for standardised banking services worldwide. This is the international equivalent of Australia's BSB system but on a...

at 04:25
The San Francisco Deputy Sheriffs' Association wrote a letter to San Francisco Mayor London Breed and requested that she intervene to force the San Francisco Sheriff's Office to increase hiring. SFDSA President Ken Lomba stated, "We have been...

at 03:00
Global digital assets exchange PayBito promotes crypto trade through trading bots. PayBito chief and blockchain pioneer Raj Chowdhury supports the use of trading bots recalling the theory that blockchain was designed to be "trustless". The theory...

at 00:35
Sinovac Biotech Ltd. ("SINOVAC" or the "Company"), a leading provider of biopharmaceutical products in China, today announced that the South African Health Products Regulatory Authority (SAHPRA) granted conditional registration to SINOVAC CoronaVac®...



News published on 24 may 2022 at 09:13 and distributed by: