Piedmont Hawthorne of Winston-Salem, N.C., has been elevated to platinum status as an authorized Raytheon service center. It indicates a superior level of audit compliance with authorized service center standards for tooling, spares, technical library, training and facilities based on an annual review by Raytheon Aircraft. Seven of Piedmont Hawthorne’s 13 Regional Corporate Maintenance Centers are Raytheon service centers.
Charles Tooley joined Savannah, Ga.-based Palmer & Cay, an insurance brokerage and consulting firm, as senior v-p for the aviation division. Tooley joined the company from an insurance broker in Kansas City.
Norwell, Mass.-based Sentient Jet named Jill Kremins as v-p of marketing. Kremins was most recently senior v-p of wealth segment strategy at Fleet Boston Financial.
Washington, D.C.-based private-equity firm The Carlyle Group last month completed the acquisition of Garrett Aviation Services from General Electric. Frank Klaus has been named president and chief executive officer of the newly created joint company of Carlyle subsidiaries Garrett Aviation Services, Piedmont Hawthorne Aviation and Associated Air Center.
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.
After purchasing Landmark Aviation and Standard Aero from The Carlyle Group on August 1, Dubai Aerospace Enterprise (DAE) announced that it is selling a division of Landmark Aviation now called the Airport Services Group and retaining the maintenance-focused portions of Landmark, including executive aircraft completions business Associated Air Center as well as turbine overhauler Standard Aero.
Following the sale of Landmark Aviation to Dubai Aerospace Enterprise on August 1, the company’s entire Aviation Airport Services Division is officially for sale.
Dubai Aerospace Enterprise (DAE), the Middle East-based start-up that is seeking to command a global presence in a number of aviation sectors, finalized the buyout of Landmark Aviation and Standard Aero Holdings from The Carlyle Group this week. DAE paid $1.9 billion for the two MRO companies. According to DAE, Landmark and Standard Aero will serve as the core of its plan to become a global MRO provider.
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.
Finding a rental car at an FBO will be much easier soon as Enterprise Rent-A-Car signed an agreement to serve customers at Landmark Aviation’s 34 North American FBOs. The cars will be available either on-site or from local Enterprise locations, and Landmark customers will receive a discount on the Enterprise rentals.
European business jet operator FlyingGroup has teamed up with fixed-based
operator Million Air at Le Bourget’s new business aviation terminal.