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.
-
Etihad offers Residence in the sky
Tue, Jul 25, 2023 -
Transworld launches private jet service
Thu, Jul 20, 2023 -
Emirates launches charter service
Tue, Jul 11, 2023 -
RoyalJet plans Malaysia foray with potential acquisition
Mon, Jul 10, 2023 -
Akaer presents innovation at Paris Air Show
Sun, Jun 18, 2023 -
Stelia Aerospace, Air France unveil new Business seat
Tue, Jun 6, 2023 -
EBACE Soars to New Heights
Spring/Summer 2023 -
First Look at G400
Spring/Summer 2023 -
New President for BBJ
Spring/Summer 2023 -
BBJ Wins Premium Orders
Spring/Summer 2023 -
Air of Anticipation
Spring/Summer 2023 -
FIVE takes off to the skies with Fly FIVE
Mon, May 22, 2023 -
Dassault chooses TAG for ground school training
Sun, Apr 30, 2023 -
Dubai Airshow to focus on sustainablity drive
Mon, Apr 3, 2023 -
Soaring Business
Winter 2023