Mubadala’s aerospace engineering and leasing arm Sanad Group reported a 40% y-o-y revenue increase to AED 4.9 bn in 2024, according to a press release (pdf). The top-line performance was attributed to a rise in global demand for engine maintenance, repair, and overhaul (MRO) services, expanding into foreign markets, and inking agreements with airlines and original engine manufacturers.

REMEMBER- Sanad signed a AED 73.5 mn agreement to extend its partnership with aviation maintenance firm Global Aerospace Logistics (GAL) in November 2024, allowing it to continue providing maintenance services for the Rolls-Royce Trent 700 engines. It also sold 16 aircraft engines to Etihad Airways, valued at approximately AED 1.5 bn in October 2024. The company also partnered with Airbus in August 2024 to provide MRO services for Airbus engines.

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