AerCap taps Sanad for 6k aircraft components: Mubadala-owned aerospace engineering and leasing solutions firm Sanad inked an AED 400 mn (USD 110 mn) agreement with Dublin-based AerCap’s global engine and aircraft component distributor AerCap Materials on the sidelines of the IATA aviation summit in New Delhi, according to a statement.

What’s on the table: Sanad will provide AerCap Materials with over 6k high-demand aircraft components for a diverse portfolio, including Airbus A220, A320, A330, A340, A380; Boeing 737, 777, 787; and Embraer E-Jet aircraft, Wam reports. The components aim to address the rising demand for maintenance, repair, and overhaul (MRO) services. The arrangement will boost the size of AerCap’s inventory capabilities, allowing it to meet customer demand amid ongoing supply chain disruption, CEO Ingus Kelly said.

Sanad has been making moves… Sanad has been expanding its engine asset base amid rising demand for mid-life platforms and ongoing supply chain delays in new aircraft deliveries. It opened new MRO facilities in February and December, following a partnership with Airbus with August last year to provide engine servicing. Sanad currently supports about 25% of the global Trent 700 fleet.

…and eyeing new markets: The firm is looking to expand its aircraft engine maintenance services to African, Indian and East Asian markets, CEO Mansour Janahi told Al Etihad back in March. The firm aims to target markets with “fruitful trade relations” as it seeks to form new global partnerships, acquisitions, and establish new facilities.

ICYMI- Emirates CEO Tim Clark criticized Boeing and Airbus for prolonged supply delays that are holding back fleet upgrades, on the sidelines of the IATA summit earlier this week. He highlighted the six-year delay of the 777X delivery. Airbus altered airlines last week to expect over a three-year delay for several deliveries due to continued supply chain disruptions.

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