StandardAero Aviation Holdings, Inc. (“StandardAero”) and Airbus SE (“Airbus”) today announced that they have finalized the 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 over US$700 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 newly combined company, which will maintain the name of StandardAero, has more than 6,000 employees in 42 locations across five continents, with annual revenues of approximately US$3 billion.
“We are excited to join forces with the Vector team in becoming one of the largest MRO companies in the world,” said Russell Ford, CEO of StandardAero. “Our combined organizations are better positioned to provide the industry with more global services, expanded MRO capabilities and operational benefits to deliver faster, higher quality solutions to our combined customers worldwide. We look forward to joining together with the Vector leadership and employees as we begin to integrate our two organizations.”
- Sikorsky Awarded $58M Contract for CH-53K Repair
- Royal Thai Air Force expands fleet
- Bell enters Southern African market
- Sikorsky HH-60W in final assembly
- NHV wins Belgian windfarm contract with H145
- HAI Salute to Excellence Deadline Extended
- Boeing Awarded $96M Contract for AH-64, A/MH-6M and H-47 Support
- Cal Fire Crew Awarded for Dangerous Rescue
- Russian Helicopters to display at Africa Aerospace and Defense 2018
- Ramm Aerospace AS350 heater line kits TCCA and FAA approved
- Kenya receives nine AS550C3 Fennecs from UAE
- Harris Awarded $94M contract for CV-22 radio components
- General Electric awarded $18M contract for UH-60 pipe exhausts
- Gozo hospital helicopter inquiry finds no fault
- Royal Saudi Naval Forces launches first MH-60R
- Northrop began flight tests for MQ-8C Fire Scout
- CHC Australia Awarded New Helicopter Services Contract
- Metro delivers H135 to Washington Hospital Center
- US Army conducts first operational test of UH60V Black Hawk
- First Flight turns 30