Press Release List

Wednesday, September 20, 2017

Associated Air Center to Close Operations at the End of 2017

Scottsdale, Ariz.– September 20, 2017 –StandardAero 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.

After a thorough analysis, StandardAero has concluded that the business case for continuing to operate AAC is 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 decision also aligns with the company's near-term growth strategy and actions tostrengthen StandardAero's portfolio by expanding its core engine MRO capabilities.

Between now and the end of 2017, StandardAero will be assisting impacted employees, helping them to find positions in other StandardAero business units and providing a variety of company funded redeployment and outplacement assistance and services.

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. The company will maintain as many employees as necessary to ensure customers are properly supported until all projects have been completed.




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. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components, energy and VIP completions markets. The company celebrated its 100th year of industry leadership in 2011. StandardAero is owned by and partnered with Veritas Capital, a leading private equity firm headquartered in New York City. Veritas invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. More information can be found on the company's web site at www.standardaero.com.