Press Release List

Wednesday, October 06, 2021

StandardAero Completes Acquisition of Singapore-Based Asian Surface Technologies Pte. Ltd.

SCOTTSDALE, Ariz. – October 6, 2021 – StandardAero announced today that it has signed an agreement with joint venture partners Pratt & Whitney, a division of Raytheon Technologies (RTX), and SIA Engineering Company Limited (SIAEC) for the purchase of 100% ownership stake in Singapore-based component repair facility, Asian Surface Technologies Private Limited (AST).

AST was founded in 1994 to provide overhaul services for the PW4000 jet engine fan blades and specialized thermal spray coating services for the aerospace and oil & gas industries.  Over the past twenty-seven years, AST has provided high technology hard face coatings and component repairs to customers in the Asia-Pac region and around the world.

In 2017, StandardAero acquired PAS Technologies including a 40.8% stake and management control of AST.  The transaction marks the final acquisition of 100% ownership of AST and will enable StandardAero to grow its Asia footprint to better serve engine OEM and airline customers throughout the Asia-Pac region.

"We are excited by the prospect of broadening and deepening our in-region repair capabilities," said Rick Stine, President of StandardAero’s Components, Helicopters and Accessories division.  "Having a well-established facility in a world class aerospace hub such as Singapore will enable StandardAero to provide a much wider range of world class products and services to our customers in Asia."

StandardAero Component Services offers a full range of repair and overhaul capabilities using special processes developed and/or implemented at its facilities to solve unique and complex problems for its customers.  




StandardAero is one of the world's largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. StandardAero is owned by global investment firm Carlyle. For more information about StandardAero, go to www.standardaero.com.