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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Mubadala unit wins $130mln deals

Posted on 04 February 2010

From Khaleejtimes.com: Sanad Aero Solutions, the new company created by Abu Dhabi government’s investment firm Mubadala Development Company, has won two initial contracts worth a combined $130 million. The new venture is set up to provide component and engine financing solutions to the aerospace sector.

Aiming to deliver new capital for airlines and original equipment manufacturers (OEMs), Sanad was unveiled at the bi-annual Singapore Airshow. It will also finance a growing number of services from Mubadala’s maintenance, repair and overhaul (MRO) companies — SR Technics and Abu Dhabi Aircraft Technologies (ADAT)……………………………………Full Article: Source

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