Aviation news analysis
50 SKY SHADES - World aviation news

StandardAero & Airbus exclusive negotiations for the acquisition by StandardAero of Vector Aerospace Holding

Download: Printable PDF Date: 06 Jul 2017 07:55 categories:
Publisher:
StandardAero & Airbus exclusive negotiations for the acquisition by StandardAero of Vector Aerospace Holding - Finance publisher
Tatjana Obrazcova
Country: Netherlands Aircraft: Airplanes

 StandardAero Aviation Holdings, Inc. (“StandardAero”) and Airbus SE (“Airbus”) 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. 

About StandardAero

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. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components, energy and VIP completions markets. The company celebrated its 100th year of industry leadership in 2011. In 2015, StandardAero was purchased by Veritas Capital, a leading private equity firm headquartered in New York City. Veritas invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. More information can be found on the company's web site at www.standardaero.com.

About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2016, it generated revenues of € 67 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as Europe’s number one space enterprise and the world’s second largest space business. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.



Loading comments for StandardAero & Airbus exclusive negotiations for the acquisition by StandardAero of Vector Aerospace Holding...


Recommended

Rolls-Royce wins Trent 7000 order from Delta Air Lines

Rolls-Royce has won an order from Delta Air Lines for Trent 7000 engines to power ten Airbus aircraft. The order also includes Rolls-Royce’s flagship TotalCare® long term service support.&nb...

ACJ320neo takes to the skies for the first time

Begins new era for Airbus corporate jets The first ACJ320neo successfully completed a two hour and 40 minute first flight from Hamburg on 16th November, getting its short test-programme off to a go...

Pratt & Whitney Canada Delivers First PW127G Engines Destined for Canadian Fixed-Wing Search & Rescue Operations

Pratt & Whitney Canada announced that it recently started delivering PW127G engines to Airbus Defence and Space in support of Canada's Fixed-Wing Search and Rescue Aircraft Replaceme...

airBaltic Carries 18% More Passengers During Ten Months of 2018

The Latvian airline airBaltic has carried 3 553 386 or 18% more passengers during the first ten months of 2018 than in the same period last year to its network spanning Europe, Scandina...