HNA Aviation to acquire a 80% stake in SR Technics from Mubadala.

HNA Aviation, a conglomerate, agreed to acquire a 80% stake in SR Technics, MRO service provider for aircraf, from Mubadala, a sovereign investor managing a diverse portfolio of assets. Financial terms were not disclosed. “As a majority shareholder in SR Technics for over six years we are pleased to have found an ideal partner in HNA Aviation to continue the development of what is now one of the world's leading MRO service providers of aircraft, component and engine services. We remain fully convinced of the long-term potential of SR Technics, and will remain actively involved through our stake and our representation on the board," Homaid Al Shimmari, Mubadala Aerospace and Engineering Services CEO.