Vector Aerospace Enters Into Agreement to Purchase Engine Overhaul Shop in Australia

Vector Aerospace, a leading provider of aviation maintenance, repair and overhaul (MRO) services has entered into an agreement to purchase from Pratt &Whitney Canada its P&WC (A’Asia) Pty Ltd’s Brisbane, Australia PT6A engine repair and overhaul facility.

Brian Thompson, senior vice-president commercial, explains how this purchase aligns with Vector’s strategic growth plan. “The acquisition of the assets and facility associated with the Pratt & Whitney Canada PT6A engine repair and overhaul shop in Brisbane, Australia is another milestone in achieving strategic growth and enhancing business opportunities for Vector within targeted international markets.”

Elaborating on this point, Thompson explains that the Australasian region is rapidly developing and offers Vector considerable business potential. In conjunction with the acquisition, Vector Aerospace will be appointed as a Designated Overhaul Facility (DOF) for PT6A engines.  This acquisition and appointment will allow Vector Aerospace to offer its enhanced levels of maintenance, repair and overhaul (MRO) support through the experienced workforce in the business to existing customers of the Brisbane facility, while also enabling Vector to offer its services to operators throughout the region. Additionally, operators will benefit from the support of Vector’s Mobile Repair Teams that are available to offer customer-site repairs as well as Aircraft on Ground (AOG) support.

Jeff Poirier, president of Vector Aerospace Engine Services-Atlantic adds that Vector’s focus is to ensure P&WC engine owners and operators have access to the industry-leading engine repair, overhaul and test services at locations that are strategically situated to provide optimal geographic coverage, and that are capable of offering a total support solution while reinforcing Vector’s philosophy of delivering the industry’s highest standard of customer service. 

The transaction is subject to the usual and customary closing conditions being met. Vector projects the final closing to take place in mid-2012.

Vector Aerospace Engine Services, with facilities in Prince Edward Island & British Columbia (Canada), the United Kingdom, Africa and France, is a P&WC Designated Overhaul Facility supporting the following engines:  Pratt & Whitney Canada PT6A /JT15D/ PW100/ PW305 / PW306 / PW307 / PW308.

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Source: Vector Aerospace
Date: Jun 5, 2012