Signature Aviation sells engine repairs business for $230m

posted on 17th February 2021 by Parveen Raja
Signature Aviation sells engine repairs business for $230m

By Damian Shepherd, cityam.com

Flight services company Signature Aviation has sold its engine repairs business for $230m, the firm announced on Wednesday.

US-based maintenance and repairs provider StandardAero will purchase the division.

Signature Aviation had been looking to offload ERO since it was first put up for sale in 2018.

The deal comes at a time when the airline industry has been battered by the coronavirus pandemic.