Dubai Aerospace Enterprise (DAE) is accepting offers “for part or all of StandardAero,” according to a recent Reuters report. A spokesman for StandardAero told AIN, “DAE is an investment company that commonly looks at its strategic options for its investments.” DAE acquired the MRO in an August 2007 $1.9 billion buyout of Landmark Aviation and StandardAero Holdings from the Carlyle Group.
Dae
December 14, 2010 - 11:35am
Dubai Aerospace Enterprise (DAE) is accepting offers “for part or all of StandardAero,” according to a Reuters report last Friday. A spokesman for StandardAero told AIN, “DAE is an investment company that commonly looks at its strategic options for its investments.” DAE acquired the MRO in an August 2007 $1.9 billion buyout of Landmark Aviation and StandardAero Holdings from the Carlyle Group.
September 24, 2007 - 4:54pm
Dubai Aerospace Enterprise is here with its most recent acquisition, the Landmark Aviation and Standard Aero maintenance, repair and overhaul (MRO) businesses that it purchased for $1.9 billion last month from private-equity firm Carlyle Group.
April 3, 2007 - 12:31pm
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.
