Hong Kong Aircraft Engineering buys Timco from Owl Creek for $389m
Hong Kong Aircraft Engineering (HAECO), a listed aircraft maintenance provider controlled by Swire Pacific, has agreed to buy US-based Timco Aviation Services for $388.8 million from hedge fund operator Owl Creek Asset Managers.
Timco is one of the largest independent aircraft maintenance, repair and overhaul (MRO) providers in the US. It has more than 2,700 employees and has MRO facilities at its headquarters in North Carolina...
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