StandardAero Leader Change Signals New Strategy

By Matt Thurber

AINmxReports >> September 2008
People, Maintenance and Modifications

StandardAero’s August 21 announcement that Rob Mionis has assumed the job of president and CEO of the turbine engine overhaul and business aircraft maintenance firm signaled a change in direction for the Winnipeg, Canada-based company. Mionis, CEO of parent company DAE Engineering, had planned to build the StandardAero division by acquiring more companies, but the current economic slowdown has made that strategy more difficult to pursue, and the new strategy is to expand StandardAero from within. “Rob’s team was set up to buy a whole bunch of StandardAeros and knit them all together,” said Paul Soubry, who was president and CEO until Mionis took over, “and of course that’s not in the cards right now, so there’s no need for two leadership teams.” Soubry, who has worked at StandardAero for 24 years, is now a “strategic advisor” to StandardAero, and he will help the company transition to the new leadership. “I’m going to make sure that any of the things that I was involved with, any deals, any initiatives, any strategy stuff that needs to get completed, I’m going to get that completed,” he said.

Back

Eclipse 500 Gains European Type Certification Friday 21. of November 2008 Albuquerque, N.M.-based Eclipse Aviation today received European Aviation Safety Agency (EASA) type certification for the Eclipse 500 very light... [more]
Schuster Plans To Retire from Hawker Beechcraft Thursday 20. of November 2008 Jim Schuster, Hawker Beechcraft’s chairman and CEO since June 2001, announced today that he notified the Wichita aircraft manufacturer’s board... [more]
Former FAA Administrator for DOT Secretary? Thursday 20. of November 2008 Jane Garvey, the first female FAA Administrator and the first agency boss to serve a full congressionally mandated five-year term, is joining... [more]
Maintenance Expert Schuller Joins Sextant Advisory Wednesday 19. of November 2008 Rich Schuller has joined Sextant Advisory in Scottsdale, Ariz., where he is focusing on helping clients with business development and... [more]
ExecuJet Bullish But Cautious About Mideast Growth Wednesday 19. of November 2008 ExecuJet Middle East is planning to expand its maintenance capabilities in Dubai with a new maintenance facility at Dubai World Central’s Al... [more]