Airline

Israir Group buys 50% stake in Bird Aviation

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Israir Group buys 50% stake in Bird Aviation

Israir Group has signed a deal to buy 50% stake in Larnaca-based maintenance, repair and overhaul (MRO) company Bird Aviation, the company announced in a stock filing. The group will pay $3.2 million in cash for the purchase and provide a loan of $5.5 million to Bird Aviation in owner financing. For...

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