Indian MRO firm Air Works has divested aircraft finishing subsidiary Air Livery to Satys.
Although Air Works did not state the value of the deal, it adds that it was completed on 1 October.
Under the transaction, Air Livery's entire operations at Norwich International airport in the UK, as well as its assets will be transferred to Satys.
Meanwhile, Air Works will continue to provide aircraft finishing services to OEMs and other customers via its French subsidiary, Aero Technique Espace.
"We will continue to focus, to grow our relationship and support to OEMs and Lessors across the globe. With India emerging as one of the fastest growing Aviation Market globally, the divestment is in sync with our decision to focus more on India operations and strengthen our market leadership here," says chief executive of Air Works D Anand Bhaskar.
Among its various services, Air Livery provides aircraft exterior preparation that includes stripping of metal to heavy sanding, as well as corrosion removal and treatment, composite repairs and aircraft repainting.
Source: Cirium Dashboard