 As a result, Davies and Newman was no longer in a position to fund the competing investment requirements of both its airline and engineering subsidiaries from its own, limited financial resources.It therefore decided to focus all its resources on Dan-Air and to sell off Dan-Air Engineering to a major, specialist MRO provider with the expertise and resources to continue investing in it.In the event, Davies and Newman sold Dan-Air Engineering to FLS Aerospace, a major specialist MRO provider in the UK and Ireland with bases at Stansted, Manchester and Dublin, for £27.5 million on 28 February 1991.