Mubasher: Mubadala Development Company has agreed to sell an 80% stake in SR Technics, which is fully owned by Mubadala, to the china-based HNA Aviation, a global enterprise group.
SR Technics will remain a standalone business within HNA Aviation’s portfolio of aviation business, according to an issued statement.
“In addition to continuing to serve our existing customers, including our growing support of the Etihad Airline Group, further expansion into the fast-growing Asia Pacific market is a priority for SR Technics and HNA will support this through their growing network of regional and global businesses,” said interim CEO of SR Technics Jeremy Remacha.
