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.
-
Suite dreams to New York
Thu, Mar 5, 2015 -
Phenom 300 ‘most delivered business jet’
Tue, Mar 3, 2015 -
Alnaqbi retires from Presidential Flight
Tue, Feb 24, 2015 -
Royal Jet awards engine contract to SR Technics
Tue, Feb 24, 2015 -
Jet Aviation Basel marks 25th BBJ completion
Thu, Feb 19, 2015 -
G650ER goes round the world in one stop
Thu, Feb 19, 2015 -
Jet Aviation Moscow gets EASA approval for G650
Wed, Feb 18, 2015 -
Vamos, Lufthansa Technik!
Tue, Feb 17, 2015 -
DCAF wins certification, to start flights
Tue, Feb 17, 2015 -
Dassault Falcon 8X takes flight
Sun, Feb 8, 2015 -
MEBAA, operators meet in Dubai
Wed, Feb 4, 2015 -
Gulfstream’s Trusis gets new role
Sat, Jan 24, 2015 -
Gulfstream offers ADS-B Out for G150
Sun, Jan 11, 2015 -
Legacy 500 receives EASA certification
Sat, Jan 3, 2015 -
NBAA: business jets used for business, not pets
Tue, Dec 30, 2014