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.
-
Business aviation booms in Saudi Arabia
Thu, May 5, 2016 -
Golden 50s inspire new uniforms
Tue, May 3, 2016 -
Jet Aviation refurbishes Legacy 650
Tue, May 3, 2016 -
Embraer flies past new milestone
Tue, May 3, 2016 -
Gulf bound
Spring 2016 -
On the wings of luxury
Spring 2016 -
By the hour
Spring 2016 -
Swiss expertise on show
Spring 2016 -
Three-peat for best-seller!
Spring 2016 -
Branded Asia’s best
Spring 2016 -
‘Most exciting’ Ebace on cards
Spring 2016 -
First flight takes off at Dubai South VIP terminal
Tue, Apr 12, 2016 -
Airbus displays Comlux VIP jet at Abace
Sun, Apr 10, 2016 -
Pilatus upbeat for the future
Thu, Apr 7, 2016 -
Etihad among winners of Crystal Cabin awards
Wed, Apr 6, 2016