Malaysia Aviation Group signs deal to buy Airbus unit Sepang Aircraft Engineering
KUALA LUMPUR, Oct 1 - Malaysia Aviation Group (MAG), which owns national carrier Malaysia Airlines, announced the signing of a sale and purchase agreement to acquire Airbus unit Sepang Aircraft Engineering. In a statement, MAG emphasized that this proposed acquisition will bolster its engineering and maintenance capabilities, broaden its services portfolio, and boost third-party revenue, aligning with its long-term business strategy.
The transaction, scheduled to be finalized by 2027, is contingent upon meeting several customary conditions, including obtaining approval from Malaysia's civil aviation authority.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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