Malaysia Aviation Group to acquire Airbus MRO unit SAE

Malaysia Aviation Group (MAG) has finalized an agreement with Airbus for the acquisition of Sepang Aircraft Engineering (SAE), a subsidiary of the Airbus Group. This strategic move is integral to MAG’s Long-Term Business Plan 3.0, designed to bolster its Maintenance, Repair, and Overhaul (MRO) operations significantly. The primary objective of this transaction is to enhance MAG's engineering capabilities within the MRO sector. Furthermore, the acquisition intends to drive increased third-party revenue streams for the group. SAE’s integration will contribute directly to MAG’s overall growth strategy and operational expansion.