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.
-
Phenom-enal!
Spring 2015 -
New CEO at the helm
Spring 2015 -
Show of innovation
Spring 2015 -
Around the world in one stop
Spring 2015 -
Ebace turns 15
Spring 2015 -
DCAF eases US clearance for VVIPS
Sun, May 10, 2015 -
Etihad wins trio of awards
Wed, May 6, 2015 -
TAG Farnborough voted best FBO
Tue, May 5, 2015 -
Gulfstream makes key VP appointment
Tue, May 5, 2015 -
Luxaviation buys ExecuJet Aviation
Tue, May 5, 2015 -
Sky’s the limit for five-star luxury
Mon, May 4, 2015 -
Abace 2015 is ‘best yet’
Sat, Apr 18, 2015 -
Second Falcon 8X takes flight
Tue, Apr 14, 2015 -
Lufthansa Technik wins VIP contract
Tue, Apr 14, 2015 -
Abace 2015 welcomes global players
Tue, Apr 14, 2015