Transmile to sell MRO division to Malaysia Airlines

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Malaysia's loss-making Transmile Group is intending to dispose of its maintenance and overhaul operation to Malaysia Airlines' engineering subsidiary.

In a brief statement Transmile says that it has signed a letter of intent with MAS Aerospace Engineering for divestment of the Subang-based facility.

It has not disclosed terms but says: "A detailed announcement on the disposal will be made upon signing of definitive agreements between the parties."

Transmile Group's activities include operating a fleet of freighters.