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Signature Aviation Sells Engine Repair Unit To StandardAero For $230 Million

Signature Aviation has signed a definitive agreement to sell its engine repair and overhaul division to StandardAero, a U.S.-based MRO specialist owned by Carlyle Group, in a transaction valued at $230 million. The strategic divestment marks an important milestone for Signature as it refocuses on its core operations within the fixed-base operator (FBO) sector serving private and business jet clients worldwide.

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Airbus Nears Deal with Spirit AeroSystems

Airbus is reportedly close to signing a definitive agreement with Spirit AeroSystems (US) for the acquisition of Airbus-related work packages. The deal is expected to be finalized within the next few days, as Spirit prepares for its pending takeover by Boeing. This agreement could redefine the competitive landscape in the aerospace sector, with Montana Aerospace (US) emerging as a potential bidder for the divested packages.