Sanad enters strategic engine sale to CFM Materials

Sanad has made a transaction with CFM Materials, a used serviceable components provider of CFM engines.

Image: Sanad

The deal which includes the sale of two CFM56-7B engines to CFM Materials.

The move aligns with Sanad’s leasing division’s strategy, initiated last year, to optimise existing assets and enhance the Sanad maintenance, repair and overhaul (MRO) division.

Kashish Kohli, Group chief financial officer and SVP of the Leasing Division at Sanad, expressed satisfaction, said: “We are pleased to announce the successful sale of two CFM56 engines to CFM Materials. This transaction reaffirms our commitment to optimising our portfolio by collaborating with industry leaders like CFM Materials.”