StandardAero announced the launch of its initial public offering (IPO) process on Sept. 23, seeking to raise $1.1 billion at a valuation of up to $7.5 billion.
While OEMs and independent MROs are enjoying high demand from older engines running longer, maintenance capacity and material supply are struggling to keep up.
Speaking at Farnborough Airshow, Boom founder and CEO Blake Scholl shared plans to begin full-scale core tests of its Overture airliner's Symphony engine in 18 months.
StandardAero says the new facility will increase its footprint at Augusta Regional Airport by more than 60%, with construction expected to complete in 2025.