Announced
Completed
Financials
Sources
Tags
Canada
maintenance and repair
Maintenance Repair and Overhaul (MRO)
Acquisition
Private
Completed
Friendly
Single Bidder
Cross Border
Majority
Synopsis
Flexjet, a private aviation company, completed the acquisition of Flying Colours, a preeminent aviation maintenance, repair and overhaul company. Financial terms were not disclosed. “Bringing the capabilities of Constant Aviation, which Flexjet bought earlier this year, and now Flying Colours in-house enables us to ensure both the highest possible service quality and the maximum availability of aircraft for our Owners. Unlike other companies in our space that rely on third-party providers for their MRO needs, Flexjet now fully controls its maintenance and product support needs, and this aligns with our strategic vision of differentiating ourselves from the competition at every level and in every way. We’re thrilled to welcome the talented Flying Colours team to Flexjet with their 40+ year history of excellence as a global leader in aircraft completions," Kenn Ricci, Flexjet Chairman.
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