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Airbus: finalises sale of Vector Aerospace.

(CercleFinance.com) - Airbus has announced that it has completed the sale of Vector Aerospace to StandardAero Aviation Holdings.

As a global aerospace maintenance, repair and overhaul of aircraft, last year Vector generated sales of 704.8 million dollars, and employs about 2,200 people at 22 sites in North America, Europe, Africa, Australia and Singapore.

The newly combined company, which will keep the name StandardAero, will have over 6,000 employees in 42 locations across five continents, with annual revenues of approximately 3 billion dollars.

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