Sanad Announces Strategic Sale Transaction with CFM Materials, Further Fostering Aviation Industry Collaborations [Yahoo! Finance]
Boeing Company (The) (BA)
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Source: Yahoo! Finance
By partnering with leading aftermarket specialists, Sanad reaffirms its commitment to proactive portfolio management and strategic capital allocation HONG KONG May 10, 2024 /PRNewswire/ -- Sanad, the global aerospace engineering and leasing solutions leader, wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), unveiled a strategic transaction between Sanad and CFM Materials, the world's largest provider of used serviceable components for CFM International engines, during the International Society of Transport Aircraft Trading (ISTAT) Asia in Hong Kong The sale of two CFM56- 7B * engines to CFM Materials underscores Sanad's strategic shift and proactive approach to strengthening its market position in the aviation industry. Through strategic partnerships with leading aftermarket specialists, Sanad not only reaffirms its commitment but also solidifies its vital role as a key player in shaping the aviation landscape. This strategic agreement
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- 4/24/24 - Beat
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