{"id":690595,"date":"2022-09-30T03:03:14","date_gmt":"2022-09-30T07:03:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/"},"modified":"2022-09-30T03:03:14","modified_gmt":"2022-09-30T07:03:14","slug":"sanad-and-triumph-forge-aviation-maintenance-alliance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/","title":{"rendered":"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <b>Agreement will see <span class=\"xn-location\">TRIUMPH<\/span> perform engine accessory Maintenance Repair and Overhaul (MRO) services at its <span class=\"xn-location\">Texas<\/span> facility on V2500 engines serviced by Sanad in <span class=\"xn-location\">Abu Dhabi<\/span><\/b>\n        <\/li>\n<li>\n          <b>Parties intend to jointly establish a dedicated &#8220;<span class=\"xn-location\">Centre<\/span> of Excellence&#8221; in <span class=\"xn-location\">Abu Dhabi<\/span><\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">PITTSBURGH<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 30, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Triumph Group, Inc. (NYSE: TGI) (&#8220;<span class=\"xn-location\">TRIUMPH<\/span>&#8221; or the &#8220;Company&#8221;)<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/844417\/Triumph_Group_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/844417\/Triumph_Group_Logo.jpg\" title=\"Triumph Group Logo (PRNewsfoto\/Triumph Group)\" alt=\"Triumph Group Logo (PRNewsfoto\/Triumph Group)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Sanad, a global industrial services leader with over 30 years&#8217; experience in the aerospace sector, wholly owned by <span class=\"xn-location\">Abu Dhabi&#8217;s<\/span> Mubadala Investment Company PJSC (Mubadala), has entered into an exclusive framework agreement with <span class=\"xn-location\">TRIUMPH<\/span> Product Support \u2013 <span class=\"xn-location\">Grand Prairie<\/span>, a leading provider of third party engine accessory maintenance, repair and overhaul (MRO) services, wholly owned by Triumph Group, Inc. (<span class=\"xn-location\">TRIUMPH<\/span>) [NYSE: TGI], to perform engine accessory MRO services on V2500 engines serviced by Sanad.<\/p>\n<p>This partnership emphasizes both entities&#8217; intent to develop a long-term collaboration and work together to establish the <span class=\"xn-location\">Middle East<\/span> region&#8217;s first engine accessory repair and overhaul centre of excellence in <span class=\"xn-location\">Abu Dhabi<\/span> by 2024.<\/p>\n<p>H.E. <span class=\"xn-person\">Omar Al Suwaidi<\/span>, Undersecretary of the UAE Ministry of Industry and Advanced Technology said: &#8220;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&#8217;s &#8216;Make It In the Emirates&#8217; campaign. It builds on the strong and historic bilateral relationships between the UAE and US.&#8221;<\/p>\n<p>Upon completion, the <span class=\"xn-location\">Abu Dhabi<\/span> centre aims to provide MRO solutions for V2500, T700, GEnx as well as LEAP engine accessory repairs and overhauls, offering comprehensive <span class=\"xn-location\">Abu Dhabi<\/span>-based MRO solutions for multiple engine types used by aerospace and aviation industry operators across the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">Africa<\/span>, <span class=\"xn-location\">Turkey<\/span>, and <span class=\"xn-location\">India<\/span>.<\/p>\n<p>The agreement was signed at the Global Manufacturing &amp; Industrialisation Summit (GMIS) America, which is currently underway in <span class=\"xn-location\">Pittsburgh, Pennsylvania<\/span>.<\/p>\n<p>&#8220;By leveraging a phased approach, this strategic partnership aims to foster a long-term collaboration that will significantly expand Sanad&#8217;s capabilities beyond engine overhauls and bring us closer to providing best-in-class &#8216;nose to tail&#8217; integrated engine MRO services from <span class=\"xn-location\">Abu Dhabi<\/span> to the wider <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">Africa<\/span>, <span class=\"xn-location\">Turkey<\/span>, and <span class=\"xn-location\">India<\/span> regions,&#8221; said Mansoor Janahi, CEO of Sanad.<\/p>\n<p>&#8220;The agreement delivers a major uplift in the enhancement of the UAE capital&#8217;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 <span class=\"xn-location\">Abu Dhabi<\/span>. We will now collaborate with <span class=\"xn-location\">TRIUMPH<\/span> 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,&#8221; added Janahi.<\/p>\n<p>&#8220;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,&#8221; said Daniel\u00a0J.\u00a0Crowley,\u00a0Chairman, President &amp; Chief Executive Officer of <span class=\"xn-location\">TRIUMPH<\/span>.<\/p>\n<p>\n        <b>About Sanad:<\/b>\n      <\/p>\n<p>A wholly owned subsidiary of Mubadala Investment Company and a global aerospace engineering and leasing solutions leader, Sanad builds on more than three decades of industrial experience. With its name derived from the Arabic word for support, Sanad supports its customers where and when it matters most. Through engineering and leasing excellence, Sanad is underpinned by industry-leading reliability, innovation, and technology. As a leading integrated industrial service provider, Sanad is well positioned to maintain aircraft engines to the highest standards using the latest Fourth Industrial Revolution technologies and provide lease finance solutions that create value and flexibility for its customers and partners. Headquartered in <span class=\"xn-location\">Abu Dhabi<\/span> with offices in\u00a0Abu\u00a0Dhabi\u00a0and <span class=\"xn-location\">Zurich<\/span>, Sanad has a global customer base working closely with major OEMs and industry leading airlines. \u00a0<\/p>\n<p>For more information, please visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3663923-1&amp;h=783770121&amp;u=http%3A%2F%2Fwww.sanad.ae%2F&amp;a=www.sanad.ae\" target=\"_blank\" rel=\"nofollow noopener\">www.sanad.ae<\/a><\/p>\n<p>\n        <b>About <span class=\"xn-location\">TRIUMPH<\/span>:<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-location\">TRIUMPH<\/span>, headquartered in <span class=\"xn-location\">Berwyn, Pennsylvania<\/span>, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. With locations across the globe, <span class=\"xn-location\">TRIUMPH<\/span> serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.<\/p>\n<p>More information about <span class=\"xn-location\">TRIUMPH<\/span> can be found on the company&#8217;s website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3663923-1&amp;h=2567088832&amp;u=http%3A%2F%2Fwww.triumphgroup.com%2F&amp;a=www.triumphgroup.com\" target=\"_blank\" rel=\"nofollow noopener\">www.triumphgroup.com<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1911634\/Sanad_Emblem_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1911634\/Sanad_Emblem_Logo.jpg\" title=\"Sanad Logo\" alt=\"Sanad Logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1911635\/LAG_5948.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1911635\/LAG_5948.jpg\" title=\"The signing ceremony @GMIS America.&#xA;From right to left (back)&#xA;- Thomas Bruns Regional Senior Commercial Officer for the Gulf and Commercial Counselor U.S. Embassy in Abu Dhabi&#xA;- H.E. Omar Al Suwaidi, Undersecretary of the UAE Ministry of Industry and Advanced Technology&#xA;From right to left (front):&#xA;- Daniel J. Crowley, Chairman, President &amp; Chief Executive Officer of TRIUMPH&#xA;- Mansoor Janahi, CEO of Sanad\" alt=\"The signing ceremony @GMIS America.&#xA;From right to left (back)&#xA;- Thomas Bruns Regional Senior Commercial Officer for the Gulf and Commercial Counselor U.S. Embassy in Abu Dhabi&#xA;- H.E. Omar Al Suwaidi, Undersecretary of the UAE Ministry of Industry and Advanced Technology&#xA;From right to left (front):&#xA;- Daniel J. Crowley, Chairman, President &amp; Chief Executive Officer of TRIUMPH&#xA;- Mansoor Janahi, CEO of Sanad\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH89154&amp;sd=2022-09-30\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/sanad-and-triumph-forge-aviation-maintenance-alliance-301637500.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/sanad-and-triumph-forge-aviation-maintenance-alliance-301637500.html<\/a><\/p>\n<p>SOURCE  Triumph Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH89154&amp;Transmission_Id=202209300300PR_NEWS_USPR_____PH89154&amp;DateId=20220930\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Agreement will see TRIUMPH perform engine accessory Maintenance Repair and Overhaul (MRO) services at its Texas facility on V2500 engines serviced by Sanad in Abu Dhabi Parties intend to jointly establish a dedicated &#8220;Centre of Excellence&#8221; in Abu Dhabi PITTSBURGH , Sept. 30, 2022 \/PRNewswire\/ &#8212; Triumph Group, Inc. (NYSE: TGI) (&#8220;TRIUMPH&#8221; or the &#8220;Company&#8221;) Sanad, a global industrial services leader with over 30 years&#8217; experience in the aerospace sector, wholly owned by Abu Dhabi&#8217;s Mubadala Investment Company PJSC (Mubadala), has entered into an exclusive framework agreement with TRIUMPH Product Support \u2013 Grand Prairie, a leading provider of third party engine accessory maintenance, repair and overhaul (MRO) services, wholly owned by Triumph Group, Inc. (TRIUMPH) [NYSE: TGI], to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690595","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Agreement will see TRIUMPH perform engine accessory Maintenance Repair and Overhaul (MRO) services at its Texas facility on V2500 engines serviced by Sanad in Abu Dhabi Parties intend to jointly establish a dedicated &#8220;Centre of Excellence&#8221; in Abu Dhabi PITTSBURGH , Sept. 30, 2022 \/PRNewswire\/ &#8212; Triumph Group, Inc. (NYSE: TGI) (&#8220;TRIUMPH&#8221; or the &#8220;Company&#8221;) Sanad, a global industrial services leader with over 30 years&#8217; experience in the aerospace sector, wholly owned by Abu Dhabi&#8217;s Mubadala Investment Company PJSC (Mubadala), has entered into an exclusive framework agreement with TRIUMPH Product Support \u2013 Grand Prairie, a leading provider of third party engine accessory maintenance, repair and overhaul (MRO) services, wholly owned by Triumph Group, Inc. (TRIUMPH) [NYSE: TGI], to &hellip; Continue reading &quot;SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T07:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/844417\/Triumph_Group_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sanad-and-triumph-forge-aviation-maintenance-alliance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sanad-and-triumph-forge-aviation-maintenance-alliance\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE\",\"datePublished\":\"2022-09-30T07:03:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sanad-and-triumph-forge-aviation-maintenance-alliance\\\/\"},\"wordCount\":706,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sanad-and-triumph-forge-aviation-maintenance-alliance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/844417\\\/Triumph_Group_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sanad-and-triumph-forge-aviation-maintenance-alliance\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sanad-and-triumph-forge-aviation-maintenance-alliance\\\/\",\"name\":\"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE - 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(NYSE: TGI) (&#8220;TRIUMPH&#8221; or the &#8220;Company&#8221;) Sanad, a global industrial services leader with over 30 years&#8217; experience in the aerospace sector, wholly owned by Abu Dhabi&#8217;s Mubadala Investment Company PJSC (Mubadala), has entered into an exclusive framework agreement with TRIUMPH Product Support \u2013 Grand Prairie, a leading provider of third party engine accessory maintenance, repair and overhaul (MRO) services, wholly owned by Triumph Group, Inc. (TRIUMPH) [NYSE: TGI], to &hellip; Continue reading \"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-30T07:03:14+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/844417\/Triumph_Group_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE","datePublished":"2022-09-30T07:03:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/"},"wordCount":706,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/844417\/Triumph_Group_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sanad-and-triumph-forge-aviation-maintenance-alliance\/","name":"SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE - 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