Air Berlin has expanded its engine sale and leaseback arrangement with Mubadala’s powerplant and component financing arm Sanad Aero Solutions.
The German carrier has added four new CFM International CFM56-7Bs to the spare-engine provisioning agreement, but also removed three older powerplants of the same type from the deal.
With a net addition of a CFM56-7B, the contract now comprises 15 spare engines and has a value of more than $130 million, says Zürich-based Sanad.
The engines are part of Sanad’s lease pool and can be utilised by other Mubadala MRO customers .
Air Berlin signed a 10-year engine MRO contract with Mubadala subsidiary SR Technics in 2010. That deal covers CFM56-5Bs and -7Bs for the airline’s Airbus A320s and Boeing 737s, respectively, as well as Pratt & Whitney PW4168s for its A330s.