Eurocopter Holding, a subsidiary of EADS, will acquire all of the issued and outstanding common shares of Vector Aerospace by way of a takeover bid at $13.49 in cash per common share. The offer values Vector Aerospace equity at approximately $648.7 million. Vector Aerospace provides both rotary-wing and fixed-wing maintenance, repair and overhaul services.
MRO Vector Aerospace has announced that its Vector Aerospace Helicopter Services North America has signed a service agreement with West Coast Helicopters of British Columbia, Canada, effective through the end of next year. The service agreement includes an optional two-year extension in support of its fleet of five Eurocopter AStar B2s, two MD500Ds and a Bell 206. Vector Aerospace will provide coverage for all engines and components.
Swearingen SA-226-TC Metro, Paris, Tenn., Feb. 8, 2006 – The Tri-Coastal Airlines Metro cargo flight, en route from Dayton, Ohio, to Harlingen, Texas, crashed near Paris, Tenn., in an 80-degree nose-down, nearly vertical attitude. The ATP-rated pilot was killed and the airplane destroyed.