Air Berlin and Mubadala enter financing agreement

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.