Integrated Components Solutions (ICS)

Sanad Capital's Integrated Components Solutions (ICS) product is a structured arrangement under which an airline or MRO operator transfers ownership of its aircraft rotable and repairable parts inventory to Sanad Capital, which in turn provides the operator with a long-term dedicated access agreement covering the same components. The model originated in 2011 through a landmark agreement with Virgin Australia and SR Technics covering A330, Boeing 737NG, and Embraer E-Jet fleets — an early proof that the structure works across mixed multi-OEM inventories.

The commercial logic for a buyer is straightforward: aircraft component inventories are capital-intensive and operationally illiquid. An airline carrying USD tens of millions in rotables on its balance sheet earns no return on that stock until a component is consumed. Under ICS, that capital is released upfront in a Sanad acquisition, while the operator continues to draw components on demand under the access agreement. Residual value risk — a significant exposure as fleet types age or are retired — passes entirely to Sanad Capital.

The programme is designed to scale with an operator's fleet mix. Sanad structures ICS agreements across nearly all production Airbus and Boeing fleet types, as well as Embraer regional jets, meaning carriers operating heterogeneous fleets can consolidate component financing into a single arrangement rather than negotiating separate pool-access contracts with multiple third parties.

From a procurement standpoint, ICS sits at the intersection of supply-chain finance and MRO logistics: it does not replace the operator's line or hangar MRO capacity, but it removes the working-capital burden from spare parts provisioning and transfers asset-management complexity to a Mubadala-backed counterparty with direct OEM relationships across GE, Rolls-Royce, IAE, and Pratt & Whitney. For GCC carriers managing rapid fleet growth, ICS provides a mechanism to maintain component availability without proportionally scaling inventory investment.