LONDON (Oct 12): Sepang Aircraft Engineering becomes wholly-owned Airbus unit as part of strategy to expand service revenue, planemaker says in statement.
* Airbus purchased initial 40% stake in Kuala Lumpur-based maintenance co. in 2011
* Customers incl. AirAsia, Cebu Pacific, Indigo, VietJet
* SAE has workforce of ~500 people; opened second hangar in Sept.
** First hangar accommodates 6 narrow-bodies/2 wide-bodies
** Second can take 2 narrow-bodies
* Subsidiary also provides spare parts and services to Malaysia’s A400M military-transport aircraft