Aircraft
Mubadala's Aerospace Portfolio Makes Strong Showing
Widebody market 'extremely challenging'
Troy Lambeth, CEO of Mubadala MRO solutions unit, Sanad. (Photo: Sanad)
Troy Lambeth, CEO of Mubadala MRO solutions unit, Sanad. (Photo: Sanad)

Global investment company Mubadala’s aerospace division has had a successful 2019. The owner of all or part of Al Ain's Nibras Al Ain Aerospace Park, spares lessor Sanad, MROs Sanad Aerotech and SR Technics, business jet operator XOJet, and aerostructures concern Strata has built further on its increase in unit profits of 23 percent in 2018.