Air France Industries sold its stake in Hangxin Aviation Engineering Group to senior management and "cadre employees" at the Chinese component MRO organization. The share transfer agreement was initialed in December and signed on Feb. 19. In a joint statement, AFI said the decision to sell its ownership was made "within the context of the ongoing economic crisis." Value of the transaction was not disclosed but the companies said the sale "guarantees an appropriate return of investment for ...

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