Feb 17 (Reuters) - Signature Aviation said on Wednesday it had agreed to sell its engine repairs business to StandardAero for $230 million, as the jet services company seeks a leaner business and focuses on cash-generative operations.
The London-listed company, which this month backed a buyout offer from Gatwick owner GIP, Blackstone and Bill Gates’ investment vehicle, said net proceeds of about $140 million from the sale will partly be used to cut its debt. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Vinay Dwivedi)
我们的标准: 汤森路透“信任原则”