Abu Dhabiâ€™s Mubadala Development Company today is launching a business to provide engine and component financing and help airlines move more of their inventory off their balance sheets. The Sanad Aero Solutions (Sanad) operations already has its first customers, with a $100 million agreement last month between Mubadalaâ€™s SR Technics and German carrier Air Berlin covering the sale-and-leaseback of 12 engines and another $30 million deal with Etihad for component support. By the end of ...
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