Last week, SAE secured a 12-year contract with Philippine carrier Cebu Pacific covering maintenance and end-of-lease checks for seven A320 aircraft.
The MRO work will be carried out at SAE's 50,000 sq m facility at Kuala Lumpur International Airport between 2027 and 2028.
SAE has also previously carried out heavy maintenance, ad hoc end-of-lease checks, engine changes and skin panel replacement work for Cebu Pacific.
MAG president and group chief executive officer Captain Nasaruddin A Bakar said the acquisition would position the group to capture opportunities in the growing MRO market and meet
third-party demand.
SAE complements MAB Engineering's existing capabilities through its Airbus A320 expertise, dedicated paint hangar and specialised component repair services.
The combined capabilities are expected to allow MAG to offer a broader range of MRO solutions and serve more third-party customers across Asean and beyond.
Nasaruddin said the deal would also leverage Malaysia's cost-to-skill advantage and established engineering expertise, supporting the country's ambition to become a leading regional aerospace hub.
MAG said it will continue to work with SAE, CAAM and other stakeholders to secure the
approvals and facilitate completion of the transaction in 2027.
