​Airbus has sold its Vector Aerospace subsidiary, best known for its rotary-wing repair and overhaul work, to StandardAero. Financial terms of the deal, finalized on Nov. 3, were not made public. Once merged, the Vector name will be permanently retired. Airbus purchased Canada-based Vector in 2011 with the aim of firming up its services business. However, five years later it declared it was looking to auction off non-core activities, including Vector. Vector generated more than $700 million ...


"Airbus Sells Vector Aerospace Subsidiary" is part of our premium online subscription to BCA. Current Business & Commercial Aviation magazine subscribers: online access is now included at no added charge to you. To read this full article, use your subscriber email to log in to your account (or contact us for assistance in updating your account).


Already registered? here.