MRO News Archive

Maintenance, repair and overhaul news from around the world

Zone: Asia/Pacific

Cerberus announces closing of sale of WFS to SATS

Investment company Cerberus Capital Management has announced that an affiliate has completed the previously announced sale of cargo logistics business Worldwide Flight Services (WFS) to SATS  for "an enterprise value" of €2.25bn. Cerebrus bought WFS five years ago for...

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Maersk launching US-China cargo flights

A.P. Moller - Maersk (Maersk) is launching two air freight services between the US and China. The "new customer-backed air corridor"  is aimed at closing a "connectivity gap" between the countries, which are by far the world's two biggest economies “With the...

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SIAEC signs $102.8 Million service agreement with Scoot

SIA Engineering Company (SIAEC) signed a $120.8 Million Services Agreement with Scoot. The agreement comes just two days after SIAEC signed a $1.14 Billion Services Agreement with SIA on March 29. As a part of the agreement, SIAEC will support Scoot through its...

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