AerSale Boosts Inventory with Key Acquisition from Sanad Group
Deal News | Feb 06, 2025 | Zawya
At the Airline Economics Conference, AerSale, Inc. announced its acquisition of a parts portfolio from the Sanad Group, a move designed to bolster its capabilities in the aviation sector. The acquisition involves components for prominent aircraft models, including those from Boeing and Airbus, as well as Quick Engine Change kits and an overhauled A330 Enhanced landing-gear shipset. This deal not only expands AerSale's inventory but also strengthens its global market presence by offering a wider range of high-quality parts and solutions to its customers. The transaction represents a strategic collaboration between AerSale and the Sanad Group, which is owned by the Mubadala Investment Company. The partnership aims to leverage their combined expertise to address evolving MRO needs and foster industry innovation. Both companies expressed commitment to continued collaboration to enhance service offerings and meet growing aviation industry demands.
Sectors
- Aviation
- Aerospace Engineering
- Private Equity
Geography
- United Arab Emirates – The Sanad Group is headquartered in Abu Dhabi, UAE, and is owned by Mubadala, a UAE entity, making it a significant geography for the article.
- United States – AerSale is headquartered in Doral, Florida, US, and serves a diverse global customer base, making the US a relevant geography.
Industry
- Aviation – This industry is relevant as the article discusses the acquisition of aircraft parts and the collaboration in aviation maintenance, repair, and overhaul services.
- Aerospace Engineering – Sanad Group operates in aerospace engineering, providing MRO services and financing solutions, which are central to the collaboration discussed in the article.
- Private Equity – Mubadala Investment Company, the parent company of Sanad Group, is a sovereign investment entity, making private equity a relevant sector.
Financials
- Not Disclosed – The financial details of the acquisition of the parts portfolio by AerSale from Sanad Group were not publicly disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AerSale, Inc. | Acquiring Company | Company | A leading provider of aviation products and services listed on NASDAQ, specializing in aircraft and component MRO, modifications, engineering services, and leasing. |
| Sanad Group | Selling Company | Company | A global aerospace engineering and leasing solutions leader, wholly owned by Mubadala Investment Company, providing MRO and financing solutions. |
| Mubadala Investment Company PJSC | Parent Company | Company | A sovereign investment company based in Abu Dhabi, overseeing Sanad Group as part of its portfolio. |
| Gary Jones | COO of AerSale | Person | Chief Operating Officer at AerSale, providing statements about the acquisition and collaboration. |
| Kashish Kohli | CFO of Sanad Group and SVP of Sanad Leasing Division | Person | Chief Financial Officer and Senior Vice President of Sanad, commenting on the strategic transaction. |