America Aero Group Acquires VAS Aero Services

America Aero Group has acquired a majority stake in aviation aftermarket component firm VAS Aero Services.

Following the transaction, Vas, which supplies to customers including Boeing, Embraer, GE Aviation and British Airways, will now be under the ownership of America Aero Group.

The Florida-headquartered firm said it has completed a financial restructuring of VAS and has reserved $250m in capital investment for acquiring new assets and business expansion.

America Aero Group principal Adi Bernstein said: “With market demand for aftermarket parts inventory services at an all-time high and growing, we believe that our growing equity participation and long-term strategic vision with VAS is a great investment in the future of the global aviation industry.”

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