Mubadala, the Abu Dhabi investment and development company, has agreed to sell an 80% stake in SR Technics sole to HNA Aviation. SR Technics will remain a standalone business within HNA Aviation’s portfolio of aviation business. Mubadala, a shareholder since 2006 and sole shareholder since 2011, will retain a 20% stake in the company. Homaid Al Shimmari, CEO of Aerospace and Engineering Services, Mubadala, said: “As a majority shareholder in SR Technics for over six years we are pleased to have found an ideal partner in HNA Aviation to continue the development of what is now one of the world’s

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