Well, it has been a long time coming but bar any last-minute hitches the new owners of H+S Aviation will be Standard Aero.
Must be a couple of years ago now that Signature Aviation (parent company of H+S Aviation) announced the intention to sell of its Global Engine Services (GES) arm which included us, Dallas Airmotive and IGS. Rumours were abundant as to who would be buying us and the name Standard Aero never far from the top of that list but then just before Christmas we heard that Signature Aviation as a whole was on the verge of being bought out and at the time GIP and Blackstones were in a bidding war and later merged to make a joint offer.
At the time we thought that was the end of the attempt to sell us off but this morning we hear the deal has been done to sell GES to Standard Aero.
We are not sure where that leaves us in the long terms Standard Aero own a large area of land in Gosport on what use to be Fleetlands.
Unemployment may be on the horizon.