KUALA LUMPUR: Malaysia Aviation Group Bhd (MAG) is buying Sepang Aircraft Engineering Sdn Bhd (SAE) from Airbus SE for an undisclosed sum.
The acquisition gives the national aviation group a larger foothold in the maintenance, repair and overhaul (MRO) market at a time when the Airbus wholly-owned company is securing new regional work.
MAG yesterday said it had signed a sales and purchase agreement with Airbus.
The deal is targeted for completion next year, subject to customary conditions, including approval from the Civil Aviation Authority of Malaysia (CAAM).
The acquisition forms part of MAG's Long-Term Business Plan 3.0, with the group looking to strengthen its engineering and maintenance capabilities, expand its aviation services portfolio and grow third-party revenue.
