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.
-
Jet Aviation rebrands to celebrate 50 years
Tue, Dec 13, 2016 -
AMAC wins four contracts
Tue, Dec 13, 2016 -
Cedar Executive to get second Legacy 500
Mon, Dec 12, 2016 -
GI Aviation gears for regional flights
Sun, Dec 11, 2016 -
Luxury brands urged to raise their game
Thu, Dec 8, 2016 -
MEBAA sets Marrakech date
Thu, Dec 8, 2016 -
MEBAA off to a brisk start
Wed, Dec 7, 2016 -
TAG Aviation Europe expands managed fleet
Wed, Dec 7, 2016 -
BBJ panoramic windows offer the big picture!
Wed, Dec 7, 2016 -
Boeing sells first BBJ Max 7
Wed, Dec 7, 2016 -
Sheikh Ahmed tours MEBAA Show
Tue, Dec 6, 2016 -
Lufthansa Technik, DCAF in A-check ‘first’
Tue, Dec 6, 2016 -
TAG Farnborough promotes bespoke services
Tue, Dec 6, 2016 -
Bombardier showcases class-defining portfolio
Tue, Dec 6, 2016 -
Electronic dimmable windows on show
Tue, Dec 6, 2016