SAS Group is selling a 67% stake in its component overhaul and support business to Singapore Technologies Engineering, parent of ST Aerospace, for €80.4 million ($96 million). SAS Group will maintain a 33% share of SAS Component. As part of the transaction, SAS will release capital from its component inventories (rotable components and spares), lifting the total value of the transaction to €260 million. SAS Group also has a put option on the remaining 33% of the shares to ST ...

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