VT Aerospace to acquire Volant Aerospace
Singapore Technologies Engineering Ltd (ST Engineering) have announced that Vision Technologies Aerospace Incorporated (VT Aerospace) has entered into an agreement to acquire 100% equity interest in Volant Aerospace, LLC (Volant), for a purchase consideration of $13.1m (approximately Singapore $16m) subject to post closing adjustments.
Following the acquisition, Volant will become a wholly owned subsidiary of VT Aerospace. Volant will work closely with ST Aerospace’s MRO network and in-house engineering and development centre, as well as its engineering design specialist, DRB Aviation to offer one-stop turnkey cabin retrofit services.
TopicsBusiness Aviation News
OrganisationsVolant Aerospace VT Aerospace