StandardAero has announced that Associated Air Center, its VIP completions centre, will cease operations and close its Dallas Love Field facilities at the end of this year.
StandardAero has concluded that AAC is no longer economically viable for it and its investors.
Limited new business opportunities, excess industry capacity and slowing demands in the VVIP aircraft marketplace have also contributed to the decision to close AAC.
Between now and the end of 2017, StandardAero will be helping employees affected by the closure find positions in its other business units and providing a variety of redeployment and outplacement assistance and services.
Over the next few months, AAC will operate as usual to fulfil its obligations on current contracts, service warranties and finish projects for existing customers. “We will maintain as many employees as necessary to ensure customers are properly supported until all projects have been completed,” said a company spokesman.