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.
-
Vision heads for Singapore Airshow
Mon, Feb 1, 2016 -
ACJC delivers stately, hi-tech jet
Wed, Jan 27, 2016 -
Embraer delivers 120 executive jets in 2015
Mon, Jan 25, 2016 -
New aviation CEO ready for challenges
Mon, Jan 25, 2016 -
Sky Prime to raise bar in private aviation
Mon, Jan 18, 2016 -
AMAC Aerospace opens new hangar
Thu, Jan 14, 2016 -
TAG Farnborough boosts facilities
Tue, Jan 12, 2016 -
VVIP Boeing 747-8 delivered
Sun, Jan 10, 2016 -
VIP Ansat all set to fly
Thu, Dec 31, 2015 -
PC-24 test flights make good progress
Mon, Dec 14, 2015 -
Qatar Executive receives G650ER
Sun, Dec 13, 2015 -
Embraer wins Legacy 650 order
Fri, Dec 11, 2015 -
MedAire boosts Gulfstream Aerospace partnership
Tue, Dec 8, 2015 -
Mideast key market for ACJneo Family
Sun, Dec 6, 2015 -
Comlux wins key VIP aviation services certification
Thu, Dec 3, 2015