Dubai, UAE — Abu Dhabi-based aerospace engineering and asset management company Sanad reported record first-half revenue of $1.17 billion, up 35 percent from a year earlier, as strong international demand for aircraft engine maintenance services and the expansion of its asset management business boosted growth.
The Mubadala-owned company said international customers accounted for 99 percent of revenue in the first six months of 2026. It also secured eight new commercial agreements worth $26 million, expanding its global customer base.
Sanad said it has invested more than $218 million over the past two years to expand repair capabilities, testing infrastructure and next-generation engine maintenance capacity in the United Arab Emirates, supporting rising global demand for maintenance, repair and overhaul (MRO) services.
Among its latest projects is a $131 million Repair Center of Excellence in Al Ain, due to begin operations by 2030. The company is also building a GTF engine MRO center scheduled to open in late 2028 and expanding engine testing facilities.
Operationally, Sanad inducted 120 engines during the first half, a 33.3 percent increase from a year earlier, while engine deliveries rose 53.8 percent despite ongoing global supply chain disruptions.
The company’s asset management division, launched earlier, invested about $45 million in engine acquisitions, repairs and asset optimization during the period, increasing its portfolio to 17 engines.
Sanad said it extended its Trent 700 collaboration with Rolls-Royce through 2031 and signed new engine maintenance agreements with airlines including Lion Air and Air Canada.
The company aims to expand annual MRO capacity to about 300 engine shop visits by the end of 2026 and ultimately become the world’s fifth-largest independent aircraft engine MRO provider.
