TAT Industries will purchase Sabena Technics following several months of discussions, as first reported by this website in March (ATWOnline, March 21). TAT and Sabena signed an MOU at the Paris Air Show last week for the acquisition by TAT of the share capital of the MRO subsidiary of Sabena, which filed for bankruptcy in 2001. The MOU was approved by the various players involved, including the company's works council. The workforce agreed to a cut in salaries, which was a condition for ...

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