Sanad sells two CFM56-7B engines to CFM Materials

Aerospace engineering and leasing solutions company Sanad, wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has sold two CFM56-7B engines to CFM Materials. The agreement was initiated last year. “This transaction reaffirms our commitment to optimizing our portfolio collaborating with industry leaders like CFM Materials,” said Kashish Kohli, group chief financial officer and SVP leasing division at Sanad. “We are eager to explore further synergies between our respective organisations to explore further avenues of cooperation in the future.” CFM Materials president and CEO Rudy Bryce added: “This agreement with Sanad strengthens our commitment to support our customers by