Vector Aerospace is expanding its footprint in Latin America, where it expects MRO requirements to grow exponentially in the next decade.
Canadian company Vector Aerospace is in the planning stages for its first maintenance, repair, and overhaul (MRO) subsidiary and service center in Latin American. The company already has MRO facilities in 21 countries on six continents.
According to a Declan O’Shea, president and CEO of Vector Aerospace, its newest facility is to be located near São Paulo, Brazil, in Jacarei, and will open in “the upcoming months.” The 29,000ft2 facility is slated to provide engine and helicopter maintenance support for the Toronto-based MRO’s local customers. O’Shea and other company executives made the announcement ahead of the 10th annual Latin American business aviation conference and exhibition (LABACE) in São Paulo.
The South American MRO market is forecast to outpace overall MRO growth over the next decade with an engine MRO compound annual rate of growth of 12.3%, versus 4.2% globally, O’Shea told a reporter. In recognition of the market’s importance, the company is making plans to expand its presence.
Vector Aerospace has appointed Jean-Edouard Drouault to lead its business development efforts in South America. Drouault was previously CEO of Eurocopter, Chile.
Vector has provided rotary- and fixed-wing MRO services to clients based throughout Latin America for many OEMs, such as Pratt & Whitney Canada, Turbomeca, Rolls-Royce, GE, Honeywell and Eurocopter, according to O’Shea.
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