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    SANAD Aerotech and Ethiopia Collaborates

    Posted On 09 Feb 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    Photo Credit: Facebook

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- ETHIOPIA, Leading provider of aircraft engine maintenance, repair and overhaul (MRO) solutions and part of Sanad – a wholly owned subsidiary of Mubadala Investment Company (Mubadala), has promoted its business expansion motivations in Africa by validating a notable agreement with Ethiopian Airlines – the continent’s fastest growing airline and one of the reputed aviation brands in the world.

    Approved at MRO Africa, the agreement elucidates the way for Sanad and Ethiopian Airlines to work with a common goal and up on, untapped MRO business opportunities in the region. In the first half, the agreement will see Sanad and Ethiopian Airlines enacting a Centre of Excellence for the repair and overhaul of Auxiliary Power Units (APU) in Addis Ababa and will commence with APU’s used on B737 and A320 aircraft. This will create a way for future collaboration in the provision of APU MRO services to other African airlines. The strategic alliance also has future aspirations to extend capabilities to incorporate aircraft components and aircraft engine MRO.

    The newest agreement atwix Sanad and Ethiopian Airlines constructs on a 2018 MOU to incorporate on APU capabilities, amidst others.

    Mansoor Janahi, Sanad Aerotech CEO stated, “Sanad continues to push ahead with its strategy of expanding a global presence through strategic alliances with well-established companies that share the same vision for quality and excellence. Our strategic alliance with Ethiopian Airlines goes beyond this announcement, as it provides greater opportunities for us to jointly collaborate and develop mutually beneficial activities across the entire African continent.”

    Ethiopian Airlines Group Chief Executive Officer – Tewolde Gebre Mariam, on his part noted, “This Strategic Alliance with Sanad Aerotech is consistent with Ethiopian Airlines vision of making its MRO facility the leading MRO service provider in Africa through strategic partnerships with OEMs and selected international MRO service providers. Our MRO facility is ready to provide cost effective and efficient overhaul services with standard turnaround time (TAT) to APUs of African Airlines. Ethiopian Airlines would like to expand this cooperation with Sanad Aerotech to cover other aircraft components.

     

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    $1.1 Billion Senegal's postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Recent Posts

    • $1.1 Billion Senegal’s postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World
    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    • $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States

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