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.
-
VistaJet scraps positioning fees
Mon, Jun 19, 2017 -
SR Technics makes key appointments
Sun, Jun 18, 2017 -
3,000th Learjet delivery celebrated
Sun, Jun 18, 2017 -
Biggin Hill’s traffic grows on extended hours
Sun, Jun 18, 2017 -
Gulfstream names head for Luton service centre
Tue, Jun 13, 2017 -
Gulfstream boosts Paris support service
Mon, Jun 12, 2017 -
Three Legacy 650Es on way for launch customer
Mon, Jun 12, 2017 -
Morocco air show registrations open
Sun, Jun 4, 2017 -
Jet Aviation readies new Dubai FBO
Wed, May 31, 2017 -
Meridian receives IS-BAO Stage III certificate
Tue, May 30, 2017 -
AfBAA celebrates five years of launch
Sun, May 28, 2017 -
Coat of diamonds adds sparkle to jet
Wed, May 24, 2017 -
Ebace hailed as a great success
Wed, May 24, 2017 -
IDAIR wins new contracts
Wed, May 24, 2017 -
Morocco business aviation on the rise, says MEBAA
Wed, May 24, 2017