Bangladesh, Oct. 3 -- Malaysia Aviation Group (MAG) has signed a Sale and Purchase Agreement (SPA) with Airbus to acquire Sepang Aircraft Engineering (SAE), a wholly owned subsidiary of the European planemaker, as per a release from the Kuala Lumpur-based airline group on October 1. AviationIndustry

The deal forms part of MAG's Long-Term Business Plan 3.0 (LTBP 3.0). Through the acquisition, the group aims to strengthen its engineering and maintenance capabilities, broaden its integrated aviation services portfolio, and speed up growth in third-party revenue.

SAE will complement the existing capabilities of MAB Engineering, MAG's maintenance arm. The Airbus subsidiary brings A320 expertise, a dedicated paint hangar, and specialized com...