Air Canada Technical Services entered into an agreement to acquire 80% of Aeromantenimiento SA, the MRO division of Grupo TACA, during the first quarter of 2007 for $44.7 million in cash and the right to acquire an equity stake in ACTS (expected to be less than 7%). Grupo TACA Chairman and President Roberto Kriete will join the ACTS board. "This is a key step in establishing ACTS as a leading MRO organization in the Americas," ACTS President and CEO Chahram Bolouri said. Aeroman employs ...

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