Ireland-based aviation services company ASL Aviation Holdings (ASL) has announced that it had taken full ownership of Belgium-based aircraft maintenance, repair and overhaul (MRO) company X-Air Services (X-Air). Among its range of subsidiary companies based in Europe, Africa and Asia, ASL was the primary financier and held a minority shareholding in South African aviation company Safair Holdings, and through this, a minority stake in South African low-cost airline FlySafair. ASL had owned 50% of X-Air, the latter being a joint venture between the former and French independent MRO company Sabena technics. However, the two partner groups had agreed that ASL would acquire Sabena Technics’ half-share in X-Air. The financial aspects of the deal were not being disclosed.
