Sanad, GMF to Set Up Aeroengine MRO Centre of Excellence in Indonesia
Sanad, a subsidiary of Abu Dhabi's Mubadala Investment Company PJSC, has signed a landmark an MoU with Indonesia's GMF, the country’s largest aircraft maintenance company, at the UAE Business Forum which took place on the sideline of this week’s B20 Summit 2022 in Bali – the pinnacle of the G20 Summit.
This is the latest milestone in Sanad’s ongoing global expansion strategy to create an international network of aeroengine MRO centers. The MoU will see Sanad and GMF jointly establish a new state of the art MRO centre of excellence for aircraft engines.
Harnessing Indonesia’s strategic geographic location in the heart of the Asia-Pacific region, one of the world’s fastest growing aviation markets, the new center of excellence will leverage the region’s growing demand for aircraft engine MRO services that are being driven by resilient and strong air traffic and cargo volumes.
The centre of excellence will contribute to the new UAE-Indonesia Comprehensive Economic Partnership Agreement, which aims to expand the nations’ annual bilateral trade from approximately $3 billion in 2021 to $10 billion by 2026.
Ahead of the establishment of the new centre, the two entities will collaborate to build MRO capabilities dedicated to CFM engines at GMF’s existing facility in Jakarta.
CFM engines are one of the world’s most widely used aircraft engines, including the LEAP engine that powers next generation aircrafts such as Airbus A320neo, the Boeing 737 MAX and the COMAC C919 aircraft families.
The alliance will also benefit from advanced repair capabilities that shall be provided by Sanad from its state-of-the-art facility in Abu Dhabi.
“This milestone partnership accelerates our geographic expansion and our strategy to facilitate premium engine maintenance services in major growth markets through a robust global network of world-class engine MRO centers,” said Mansoor Janahi, CEO of Sanad Group.
Andi Fahrurrozi, CEO of GMF, commented: “This landmark partnership significantly enhances cooperation between two of the largest engine MRO companies in the Middle East and Indonesia."