StandardAero completed the acquisition of PTS Aviation.

StandardAero, a maintenance, repair and overhaul provider, completed the acquisition of PTS Aviation, a worldwide supplier of serviceable aircraft engines, engine components and engine inventory. Financial terms were not disclosed. “We are excited to put the PTS Aviation team’s asset management and trading know-how to work for StandardAero. The knowledge and experience they bring to our portfolio will immediately support our preparation to serve global operators, initially focused on the CFM56, and will accelerate our growth plans for the future,” Lewis Prebble, StandardAero President of Airlines & Fleets division.