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.
- Lockheed awarded $24M contract for MH-60 Electronics Engineering
- Bell-Boeing awarded $18M contract for V-22 cockpit Engine Modification
- Rolls-Royce awarded $115M contract for Production of AE1107C V-22 Engines
- Bell-Boeing awarded $40M contract for Procurement of 4 MV-22 Components
- Merlin Technology awarded patent for Rotorcraft autopilot and methods
- Airbus awarded patent for Rotor drive system
- Aviation Professional Services Liability Insurance by Global
- Lincs and Notts Air Ambulance to carry blood
- Final Flight of OH-58D ‘Kiowa Warrior’
- Bristow To Present At The 2017 Johnson Rice Energy Conference
- 11 year North Sea windfarm contract placed for UK-based AW139 and AW169s
- Life Link III medical director wins national award
- Four bidders for Polish attack helicopter order
- Helitech International Insight Seminar Speaker line-up revealed
- Bell to deliver B505s to Eagle Copters
- Plans Finalized for WAI Girls in Aviation Day
- REACH to place new H125 in Montana
- Terma install survivability kit on Dutch NH90 fleet
- Bristow Norway wins five year contracts for two S92s
- Ribbon Cutting Ceremony for New Tunnelton Helipad