Amsterdam, 5 July 2017 – StandardAero Aviation Holdings, Inc. (“StandardAero”) and Airbus SE (“Airbus”) today announced that they have entered into exclusive negotiations with respect to an acquisition by StandardAero of Vector Aerospace Holding SAS (“Vector”) from Airbus.
Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of US$ 704.8 million in 2016 and employs approximately 2,200 people in 22 locations across Canada, the United States, the United Kingdom, France, Kenya, South Africa, Australia and Singapore.
The proposed transaction is subject to workers’ council consultation, signing of definitive agreements and customary approvals, such as regulatory clearances.
- Eagle Australasia appointed Garmin Authorised Dealer
- CopterSafety upgrades AW139 simulator with Phase 7 avionics
- Australian Army extends contract with Rockwell Collins
- First Female Pilot for Colombian Army
- CHC announce keynote speaker for Safety & Quality Summit
- Bell and Safran Announce Shared Vision for On-Demand Mobility
- Mi-171A2 is Planned to be Certified in India
- Rampart Helicopter Services aims to correct Colorado zoning violation
- Helipad Ceremony for Essentia Health-St. Mary’s Foundation
- Oceania Aviation appointed distributor for H125 maximum view kit
- Air Ambulance Chief Executive receives top honour
- WomenVenture Begins its Second Decade
- HAI expresses concerns about Ligado proposal
- South Carolina NG to help secure Mexican border
- Donaldson to develop AW169 IBF for Leonardo
- ASESA Selects Able as Exclusive Provider
- Meron Awarded Patent for Helicopter Transmission Test Rigs
- Macro Industries awarded $20M contract for V-22 single floor spares
- Hong Kong Government Flying Service receive first H175s
- PHI Announces Offering of Senior Secured Notes Due 2023