CALC, a full value chain aircraft solutions provider for the global aviation industry, announced that it would be investing in an Indonesian airline operating company, PT TransNusa Aviation Mandiri (TAM), through a subscription agreement with Aviation Synergy, under which the company agreed to indirectly invest and acquire a 35.68% equity interest in TAM for a total cash consideration of US$28 million (equivalent to approximately HK$ 218.4 million) at completion.
This is a significant move for CALC to expand its downstream footprint to cover the entire aviation value chain, aligning the group’s business strategy in combining vertical integration and horizontal expansion.
