Singapore Technologies Engineering Ltd.’s U.S. division Vision Technologies Aerospace Incorporated has received bankruptcy court approval to proceed with its purchase of parts of Pemco World Air Services assets, including the company’s Tampa, Fla., maintenance business and its Boeing 737 freighter conversion Supplemental Type Certificates (STCs). The deal, struck in late May and announced June 8, was blessed late last week by the U.S. Bankruptcy Court in the District of Delaware. It is ...

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