in Aerospace

StandardAero seeks acquisition of Vector from Airbus

Posted 6 July 2017 · Add Comment

StandardAero Aviation Holdings, Inc. (StandardAero) and Airbus SE (Airbus) 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 $704.8 million in 2016 and employs approximately 2,200 people in 22 locations across Canada, the US, the United Kingdom (Fleetlands, England and Almondbank, Scotland), 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.

StandardAero is a global independent provider of services, including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications.
 

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