HNA Aviation to acquire majority stake in SR Technics
15-Jul-2016 Zurich, Switzerland: SR Technics today announces that sole shareholder Mubadala, the Abu Dhabi investment and development company, has agreed to sell an 80% stake in the company to HNA Aviation, a global enterprise group based in Haikou, China. SR Technics, a world leading MRO service provider for the civil aviation sector, will remain a standalone business within HNA Aviation's portfolio of aviation business. Mubadala, a shareholder since 2006, will retain a 20% stake in the company.
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