US-based MRO provider Pemco World Air Services has reached an agreement in which it will be acquired by Sun Capital Partners affiliate Avion Services Holdings. Pemco, which entered Chapter 11 bankruptcy protection in March, also announced it will terminate a previous agreement to sell its Tampa, Fl. aerospace facility and other assets to Singapore Technologies Engineering unit VT Aerospace. Pemco said it expected the Avion Services deal to be completed by the end of August. Avion ...

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