STS Aviation Group (STS), a global aviation solutions company, has acquired Airbase Services / Les Services Airbase (Airbase), an aircraft interiors maintenance, repair and management specialist based out of Montreal, Canada.
This acquisition sees STS formally enter the Canadian MRO market, as Airbase has four Transport Canada-approved facilities in Montréal–Trudeau International Airport (YUL), Toronto Pearson International Airport (YYZ), Winnipeg James Armstrong Richardson International Airport (YWG) and Vancouver International Airport (YVR). The sale is being publicised as turnkey, and STS will immediately assume control of Airbase personnel and operations. Lena Watters, who was the acting president of Airbase prior to the acquisition, will stay on as president alongside much of the company’s existing workforce.
Mark Smith, president of STS stated, “We are thrilled to welcome Airbase into the STS family. The team brings decades of experience and expertise to the table, led by a proven leader in Lena Watters, and the company will certainly complement the aircraft interior work STS Aviation Services has going on right now in Shannon, Ireland.”
When asked how the sale of Airbase to STS would affect the company’s future, Watters said, “The acquisition of Airbase by STS unlocks the potential for our team to globally grow its customer base while also being able to build a stronger presence in Canada. We are very excited about the future.”
Terms of the transaction were not disclosed.