The European Commission has approved the aviation arm of Chinese conglomerate HNA Group to acquire maintenance, repair and overhaul (MRO) provider SR Technics. In July, HNA Aviation detailed plans to acquire 80% of Zurich-based SR Technics from Abu Dhabi’s state investment and development vehicle Mubadala, although the transaction remained subject to regulatory clearances. “The Commission concluded that the proposed acquisition would raise no competition concerns, because there ...

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