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Air Berlin and Mubadala enter financing agreement

13-Jan-2010 12:05 PM

Air Berlin entered an USD100 million aviation components financing agreement with Mubadala Development, the investment arm of the Abu Dhabi Government (The National, 12-Jan-2010). Air Berlin will purchase 12 engines, to be financed by Mubadala. Mubadala also controls Swiss MRO company SR Technics, which will service the engines under a ten-year contract.