Spar Aerospace has agreed to acquire Canadian maintenance company CAE Aviation for about $62 million. The company, which specialises in servicing and upgrading Lockheed Martin C-130 transports, was put up for sale in August by parent company CAE, following a decision to focus on its advanced-technology businesses, such as simulation. The sale, which includes all of the company's operations across Canada and Islamabad, Pakistan, is to be finalised by the end of December.
Source: Flight International
