November 03, 2017 – Today, StandardAero Aviation Holdings Inc and Airbus SE announced that the acquisition of Vector Aerospace holding SAS to StandardAero from Airbus. Vector, which is a global aerospace maintenance, repair, and overhaul (MRO) company which provides responsive and quality support for turbine engines, components, both fixed and rotary wing aircraft. Vector is a truly international company which in the physical year 2016 generated revenues of over seven-hundred-million dollars (USD) and currently employs approximately 2,200 people in twenty-two locations spanning Canada, the United States, the United Kingdom, France, Kenya, South Africa, Australia, and Singapore.
The newly combined company, which will retain the name of StandardAero, has more than 6,000 employees in forty-two locations which span across five continents with annual revenues that should see approximately three-billion dollars (USD).
“We are excited to join forces with the Vector team in becoming one of the largest MRO companies in the world,” said Russell Ford, CEO of StandardAero. “Our combined organizations are better positioned to provide the industry with more global services, expanded MRO capabilities and operational benefits to deliver faster, higher quality solutions to our combined customers worldwide. We look forward to joining together with the Vector leadership and employees as we begin to integrate our two organizations.”
Collective Magazine recently reported on the success that Vector was having when they announced the one year anniversary of the introduction of dynamic component repair capability for the Airbus Helicopters AS350 Écureuil family at their Almondbank site located in Perth, Scotland. This capability, which was officially inaugurated by Deputy First Minister for Scotland, John Swinney M.S.P. in 2016 allows Vector Aerospace to repair and overhaul gearboxes and the associated components for the full range of the AS350 family variants, which includes the H125/AS350 Écureuil (also known as the Squirrel or Star), along with the AS355 Écureuil 2 (also known as the Twin Squirrel or TwinStar), and the H130/EC130 (also known as the EcoStar).
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