The acquisition of SR Technics by a consortium of UAE investors was finalized on Tuesday, 28 Nov. Surprisingly, however, SRT Chairman Frank Turner, who a few years ago led the buyout of the former MRO arm of the now defunct Swissair, is out. When the UAE investment was announced in September, Turner made it clear that he would stay on once the deal closed. Today (Wednesday) I called SRT in Switzerland and they assured me it was Frank's decision to leave the company and the board, citing personal reasons. Hans Lerch, CEO of SRT, takes over as chairman until further notice.