StandardAero Plans Vector Aerospace Acquisition.jpg Vector Aerospace

StandardAero Plans Vector Aerospace Acquisition

U.S. engine repair company confirmed discussions are taking place with Vector's parent company Airbus.

Engine MRO provider StandardAero has started discussions with Airbus about acquiring its subsidiary Vector Aerospace.

In a statement released Wednesday (July 5), Scottsdale-headquartered StandardAero confirmed exclusive negotiations have begun with Canada-based Vector, a specialist in repair services for turbine engines, components and fixed- and rotary-wing aircraft.

Any agreement will be subject to workers’ council consultation, along with a signing of definitive and customary approvals such as regulatory clearances.

No timeframe was provided on when any potential deal could be finalized.

If successful, StandardAero would take on a company that generated revenues of $704.8 million across its businesses last year and employs 2,200 staff across 22 global locations in North America, Europe, Africa and Asia-Pacific.

Airbus acquired Vector Aerospace in 2011 for around $625 million.

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