Abu Dhabi – Mubasher: Sanad Aero Solutions signed a $73 million financing agreement with Sumitomo Mitsui Banking Corporation (SMBC), according to a statement.
Under the deal, SMBC will provide debt facilities to Sanad and finance its recent spare engine transaction with Etihad Airways on the long-term.
The deal increases Sanad’s total debt financing to over $790 million.
