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SR Technics has been purchased by a United Arab Emirates consortium

Bern, Switzerland - More than 90% of the company has been bought out for one billion Euros

A consortium of United Arab Emirates investors will be the new owner of SR Technics, the Swissair Group maintenance subsidiary before its bankruptcy. Mubadala Development (which already owns a stake in Piaggio Aero Industries), Dubai Aerospace Enterprise and Istithmar will buy out more than 90% of the company for EUR 1bn. The operation sees the management, who bought out the company in 2002 for EUR...

AVIONEWS - World Aeronautical Press Agency - 148617
Rome, Italy, 09/11/2006 16:34
AVIONEWS - World Aeronautical Press Agency

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