ST Aerospace completed the transfer of Airline Rotables of the UK to SAS Component for $22.5 million. The consideration comes by way of issuance of new shares in SAS Component to STA. The transaction was announced in December as part of ST's acquisition of 67% of SAS Component (ATWOnline, Dec. 16, 2005). It now holds 71.3%.
Subscribe to Access this Entire Article
"Other News - 07/21/2006" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.