National carrier Malaysia Airlines said on Aug. 19 that its aircraft maintenance unit plans to buy Transmile's engineering unit to achieve a revenue target of 500 million Malaysian ringgit this year.

The plan involves the purchase of Transmile's base maintenance and engineering capabilities including 2 hangars, equipment and employment of its skilled manpower.

Malaysian Aerospace Engineering Sdn Bhd (MAE), a unit of Malaysia Airlines, will also provide heavy maintenance services to Transmile's fleet of 16 freighter aircraft, it said in a statement.

It did not provide any financial details for the transaction.

MAE currently services more than 80 customer airlines including Air Atlanta, Lufthansa, Saudi Arabian Airlines, Jet Airways and Delta Air Lines Inc.