Tag Archives: Sanad

Business & Investments

Sanad Achieves Strong Results, Surpassing AED 4.92 Billion in Revenues for 2024, Marking a 40% Surge

  • Recorded a 40% Year-on-Year Revenue Growth Propels Sanad Beyond the US$ 1 Billion Milestone, Cementing Its Status as a Global engine MRO Leader and the largest in the MENA region
  • MRO Capabilities Reach New Heights with 161 Engine Inductions, a 29% Surge, and adoption of a new product raising its product portfolio to 5 engines
  • AED 33 Billion Order Book Strengthened by Landmark Global Agreements, Adding AED 4 Billion in New Business in 2024
  • 20% Workforce Growth Fuels Sanad’s Expansion, Accelerating Emiratization and Future-Ready Talent

Abu Dhabi, 12 March 2025 – Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), has announced exceptional financial results for 2024, surpassing the US$1 billion milestone for the first time in its history. The company reported AED 4.92 billion (US$1.34 billion) in revenue, a 40% increase from AED 3.4 billion (US$ 925 million) in 2023, underscoring its rapid expansion and strategic market positioning.

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Travel & Tourism

Sanad and Lion Air Sign a New Landmark MRO Agreement, Expanding Sanad’s Presence in Southeast Asia

  • The signing of new global customers highlights Sanad’s continued growth, strengthening its position as the global partner of choice for leading airlines.
  • Lion Air, Indonesia’s largest low-cost carrier, operates a fleet of 310 aircraft, stands as the leading low-cost carrier in the APAC region, with an extensive route network of 150 destinations.
  • This agreement underscores Sanad’s advanced engineering and technical capabilities in aviation engine Maintenance, Repair, and Overhaul (MRO), cementing its reputation as a trusted global partner to leading airlines and Original Equipment Manufacturers (OEMs).
  • The five-year agreement further solidifies the Global status of Sanad and reinforces the position of Abu Dhabi’s as a major player in the global aviation industry recognized for its capabilities and world-class talent.
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