September 21, 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. Reasons stated by the company are that the center is no longer an economically viable option for the company and its investors, and current and future work volumes do not support the fixed costs necessary to operate the facility.
StandardAero also says that a limited pipeline of 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 to strengthen StandardAero’s portfolio by expanding its core engine MRO capabilities.
Between now and the end of 2017, StandardAero will be assisting the employees affected by the closure, 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 with existing customers. The company will maintain as many employees as necessary to ensure customers are properly supported until all projects have been completed.
