Malaysia Aviation Group moves to acquire Sepang Aircraft Engineering from Airbus

Malaysia Aviation Group (MAG) finalized a sale and purchase agreement with Airbus for the acquisition of Sepang Aircraft Engineering. This transaction involves MAG purchasing the entire entity, marking a significant development within the aviation sector. The deal signifies a strategic move by MAG to bolster its engineering capabilities and maintenance services. Sepang Aircraft Engineering, located in Malaysia, specializes in aircraft modifications and repairs. Details regarding the financial terms of the agreement were not disclosed at the time of publication.