HNA Aviation to acquire majority stake in SR Technics

SR Technics announced (15-Jul-2016) its sole shareholder Mubadala has agreed to sell an 80% stake in the company to HNA Aviation. SR Technics 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. The transaction remains subject to anti-trust and regulatory approvals. SR Technics stated it will continue to focus on delivering MRO solutions for aircraft, components and engines, as well as building long-term partnerships with a diversified global customer base covering full service airlines, LCCs, aircraft leasing companies and OEMs. [more - original PR]