Pemco Aviation Group closed the previously announced sale of Pemco World Air Services, its commercial division specializing in MRO and passenger-to-freighter conversions, to an affiliate of Sun Capital Partners for $43 million (ATWOnline, July 12). The sale was approved by Pemco's stockholders earlier this week. As part of the transaction, Pemco Aviation Group changed its name to Alabama Aircraft Industries and said it will focus on defense work. PWAS will retain its name. "Our commercial ...

Subscribe to Access this Entire Article

"Pemco World Air Services' sale to Sun Capital closes" 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?

Already registered? here.