StandardAero completed the acquisition of the Engine Repair and Overhaul business of Signature Aviation for $230m.

StandardAero, a maintenance, repair and overhaul provider based in Scottsdale, Arizona, completed the acquisition of the Engine Repair and Overhaul business of Signature Aviation, a British multinational aviation services company, for $230m. "We are pleased that we have reached agreement to sell our ERO business to StandardAero, where we believe the business will continue to flourish. We are committed to delivering long-term sustainable value for shareholders and this sale focuses us on Signature Aviation our strong cash generative business. I would like to thank all the ERO employees for their hard work and commitment, during our many years of ownership," Mark Johnstone, Signature Aviation CEO.