Private-equity company The Carlyle Group, which has been steadily assembling business aviation assets in recent years, plans to add transportation communications and systems engineering specialist Arinc to its portfolio. Carlyle announced last month it had reached a “definitive agreement to acquire Arinc” from its current shareholders– a vast majority of which are domestic and foreign airlines.
The Carlyle Group, a Washington, D.C.-based global private equity firm with extensive aerospace and defense holdings, has “signed a definitive agreement to acquire Garrett Aviation Services from General Electric Company.” According to industry sources, the agreement calls for a cash acquisition valued at about $160 million.
Private equity company The Carlyle Group, which has been steadily assembling business aviation assets in recent years, plans to add transportation communications and systems engineering specialist Arinc to its portfolio. Carlyle announced June 5 it had reached a “definitive agreement to acquire Arinc” from its current shareholders—a vast majority of which are both domestic and foreign airlines.
Boeing’s abrupt exit from the aeronautical satellite broadband market last year left Rockwell Collins without a partner for its eXchange broadband service for business jets. Now, Collins has relaunched eXchange and announced that passengers will indeed have access to the Internet and e-mail over Arinc’s SkyLink network.
Arinc (Booth No. 929) is preparing to launch its SkyLink in-flight broadband communications service on the North Atlantic flight tracks and has launched a slimmer antenna suitable for aircraft other than the Gulfstreams which have enjoyed exclusive access so far. First user will be a Falcon 2000 to be equipped by Waterford, Michigan-based Pentastar Aviation.
State-owned Dubai Aerospace Enterprise (DAE) agreed last month to purchase Carlyle Group’s Landmark Aviation and Standard Aero Holdings for $1.8 billion. If the deal makes it through the lengthy approval process as proposed, it will be DAE’s first venture into the U.S. market.
SEC documents filed yesterday reveal that Dubai Aerospace Enterprise (DAE) will pay $1.8 billion–$300 million more than originally estimated–for the Carlyle Group’s Landmark Aviation of Phoenix and Standard Aero of Winnipeg, Canada. More than half of the total, $1.034 billion, is for Standard Aero. The filing confirms DAE’s commitment to selling off the Landmark network of FBOs soon after the deal is completed.
Will passengers flying on business jets and airliners really ever be able to use their personal cellphones to make and receive calls in flight?
Two UK-based specialists in the noise-reduction field are developing new technology that promises a substantial decrease in cabin noise. Developed by Ultra Electronics of Cambridge and QinetiQ of Farnborough, it is based on a hybrid system of trim panel mounts that incorporate both active and passive noise-reduction elements. The system
Dubai investment firm Dubai Aerospace Enterprise (DAE) at press time was in “active discussions” with Washington, D.C.-based private-equity firm Carlyle Group to acquire its Standard Aero company and Landmark Aviation, particularly its maintenance, repair and overhaul (MRO) businesses. According to sources familiar with the process, DAE is expected to pay more than $1.5 billion for the two firms.