The other shoe finally fell. SR Technics, now owned by a group of investors from the United Arab Emirates, said in early January that it does not plan to invest in a 60 percent equity stake in New York-based and Israel Aircraft Industries-owned Empire Aero Center. SRT and Empire had announced the potential investment last spring with an expected closing date of mid-summer, but then SRT was acquired by a group of investors that includes the Dubai Aerospace Enterprise (DAE) and consideration ...
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