Sun, Sep 24, 2017
StandardAero of the US has announced that Associated Air Center (AAC), the company’s large transport category VIP Completions Center, will cease operations and close its Dallas Love Field facilities at the end of this year.
StandardAero said the business case for continuing to operate AAC was no longer an economically viable option for the company and its investors.
“Current and future work volumes do not support the fixed costs necessary to operate the facility. In addition, the limited pipeline for new business opportunities, excess industry capacity and slowing demands in the VVIP aircraft marketplace have all contributed to this decision,” the company said in a statement.
The decision also aligns with the company’s near-term growth strategy and actions to strengthen StandardAero’s portfolio by expanding its core engine MRO capabilities.
Over the next few months, AAC will operate in a business as usual manner to complete obligations on current contracts, service warranties and finish projects committed to existing customers
StandardAero is one of the world's largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications.
-
Mercedes-styled VIP jet takes flight at Monaco
Thu, Sep 29, 2016 -
Jet Aviation VIP cabin interior hits JetExpo 2016
Sun, Sep 25, 2016 -
Bookajet unveils new corporate identity, fleet expansion
Sun, Sep 25, 2016 -
Nuno Pereira becomes vice chairman of AfBAA
Sun, Sep 25, 2016 -
51 North acquires Executive Aviation Services
Sun, Sep 25, 2016 -
Lufthansa Technik Malta gets new CEO
Thu, Sep 22, 2016 -
StandardAero completes Falcon 7X job
Tue, Sep 20, 2016 -
Lufthansa Technik wins BBJ 787 contract
Wed, Sep 14, 2016 -
Comlux first to retrofit ACJ319 with Sharklets
Tue, Sep 13, 2016 -
Falcons showcased in ‘bright spot’ Russia
Sun, Sep 11, 2016 -
VIP jet gets state-of-art dishwasher
Thu, Sep 8, 2016 -
Synergy Aviation welcomes new shareholders
Thu, Sep 8, 2016 -
Falcon 8X in spotlight at Jakarta summit
Thu, Sep 8, 2016 -
MEBAA Show attracts 460 exhibitors
Wed, Aug 31, 2016 -
Gulfstream’s new app helps streamline operations
Tue, Aug 30, 2016