December 19, 2018 |
Boeing and Embraer, which are busy forging a $5.26bn joint venture, could hunt for acquisitions to grow their maintenance, repair and overhaul (MRO) business in Latin America, LatinFinance has heard.
"They want to grow their maintenance and services division by at least 10% per year. The only way to do that is through acquisitions, globally and in Latin America," an M&A banker said. "Any airline that operates its own services division and wants to focus on flying its aircraft instead of main
Merging aircraft manufacturers could convince LATAM or Avianca to sell their services divisions, source says