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Mubadala launches engine financing venture

A new venture to provide component and engine financing solutions to the aerospace sector has been launched by Abu Dhabi's Mubadala Development Co. The new firm, Sanad Aero Solutions (Sanad) aims to deliver new capital for airlines and Original Equipment Manufacturers alongside a growing number of services from Mubadala's maintenance, repair and overhaul companies, SR Technics and Abu Dhabi Aircraft Technologies.

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