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 ...

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