StandardAero and Airbus enter into exclusive negotiations over the acquisition of Vector Aerospace

StandardAero Aviation and Airbus have entered into exclusive negotiations with respect to an acquisition by StandardAero of Vector Aerospace (Vector) from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. The international company generated revenues of US$ 704.8 million in 2016 and employs approximately 2,200 people in 22 locations. The proposed transaction is subject to workers’ council consultation, signing of definitive agreements and customary approvals, such as regulatory clearances.