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- Agreement will see TRIUMPH carry out engine accent Maintenance Repair and Overhaul (MRO) companies at its Texas facility on V2500 engines serviced by Sanad in Abu Dhabi
- Parties intend to collectively set up a devoted “Centre of Excellence” in Abu Dhabi
PITTSBURGH, Sept. 30, 2022 /PRNewswire/ — Triumph Group, Inc. (NYSE: TGI) (“TRIUMPH” or the “Company”)
From proper to left (again)
– Thomas Bruns Regional Senior Commercial Officer for the Gulf and Commercial Counselor U.S. Embassy in Abu Dhabi
– H.E. Omar Al Suwaidi, Undersecretary of the UAE Ministry of Industry and Advanced Technology
From proper to left (entrance):
– Daniel J. Crowley, Chairman, President & Chief Executive Officer of TRIUMPH
– Mansoor Janahi, CEO of Sanad
Sanad, a world industrial companies chief with over 30 years’ expertise within the aerospace sector, wholly owned by Abu Dhabi’s Mubadala Investment Company PJSC (Mubadala), has entered into an unique framework settlement with TRIUMPH Product Support – Grand Prairie, a number one supplier of third celebration engine accent upkeep, restore and overhaul (MRO) companies, wholly owned by Triumph Group, Inc. (TRIUMPH) [NYSE: TGI], to carry out engine accent MRO companies on V2500 engines serviced by Sanad.
This partnership emphasizes each entities’ intent to develop a long-term collaboration and work collectively to determine the Middle East area’s first engine accent restore and overhaul centre of excellence in Abu Dhabi by 2024.
H.E. Omar Al Suwaidi, Undersecretary of the UAE Ministry of Industry and Advanced Technology stated: “The partnership between Sanad and Triumph Group reflects the potential of cross-border collaboration to drive technology transformation, In-country value, and industrial growth, which is in line with the UAE’s ‘Make It In the Emirates’ campaign. It builds on the strong and historic bilateral relationships between the UAE and US.”
Upon completion, the Abu Dhabi centre goals to offer MRO options for V2500, T700, GEnx in addition to LEAP engine accent repairs and overhauls, providing complete Abu Dhabi-based MRO options for a number of engine varieties utilized by aerospace and aviation {industry} operators throughout the Middle East, Africa, Turkey, and India.
The settlement was signed on the Global Manufacturing & Industrialisation Summit (GMIS) America, which is presently underway in Pittsburgh, Pennsylvania.
“By leveraging a phased approach, this strategic partnership aims to foster a long-term collaboration that will significantly expand Sanad’s capabilities beyond engine overhauls and bring us closer to providing best-in-class ‘nose to tail’ integrated engine MRO services from Abu Dhabi to the wider Middle East, Africa, Turkey, and India regions,” stated Mansoor Janahi, CEO of Sanad.
“The agreement delivers a major uplift in the enhancement of the UAE capital’s positioning as a global leader for aviation MRO excellence and is a further stride forward in providing upskilling opportunities for local talent, knowledge transfer, and the deployment of cutting-edge technologies in Abu Dhabi. We will now collaborate with TRIUMPH on the sharing of best practices and the design of new critical MRO service solutions for multiple engine types for our existing and potential customers,” added Janahi.
“We are excited to further our relationship with Sanad as we work to jointly serve a region that is home to some of the most ambitious and rapidly expanding carriers, and to satisfy growing demand for support for next generation engine solutions,” stated Daniel J. Crowley, Chairman, President & Chief Executive Officer of TRIUMPH.
About Sanad:
A completely owned subsidiary of Mubadala Investment Company and a world aerospace engineering and leasing options chief, Sanad builds on greater than three many years of commercial expertise. With its identify derived from the Arabic phrase for assist, Sanad helps its prospects the place and when it issues most. Through engineering and leasing excellence, Sanad is underpinned by industry-leading reliability, innovation, and expertise. As a number one built-in industrial service supplier, Sanad is nicely positioned to keep up plane engines to the very best requirements utilizing the most recent Fourth Industrial Revolution applied sciences and supply lease finance options that create worth and suppleness for its prospects and companions. Headquartered in Abu Dhabi with workplaces in Abu Dhabi and Zurich, Sanad has a world buyer base working carefully with main OEMs and {industry} main airways.
For extra info, please go to www.sanad.ae
About TRIUMPH:
TRIUMPH, headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and protection programs and parts. With places throughout the globe, TRIUMPH serves the worldwide aviation {industry}, together with authentic tools producers and the complete spectrum of army and business plane operators.
More details about TRIUMPH might be discovered on the corporate’s web site at www.triumphgroup.com.
SOURCE Triumph Group
