Hubline plans to buy majority stake in aircraft firm for RM14.2mil

Flying high: Layang Layang group owns a fleet of seven helicopters and four fixed wing aircraft.

KUCHING: Shipping firm Hubline Bhd has proposed to acquire a majority stake in an aircraft company for about RM14.2mil.

Hubline entered into a shares sale agreement with vendors of Layang Layang Aerospace Sdn Bhd (Layang Layang) to acquire a 51% equity interest in the aircraft company last Friday.