Air Berlin adds CFM56s to Sanad spare-engine deal

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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.