Landmark Aviation

October 2, 2007 - 11:30am

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.

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.

August 29, 2007 - 9:59am

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.

August 27, 2007 - 5:05am

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.

August 2, 2007 - 12:03pm

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.

July 23, 2007 - 10:02am

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.

July 5, 2007 - 7:09am

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.

June 16, 2007 - 1:30am

European business jet operator FlyingGroup has teamed up with fixed-based
operator Million Air at Le Bourget’s new business aviation terminal.

June 14, 2007 - 6:34am

In Dubai, the temperature never gets anywhere close to freezing but that hasn’t stopped the Arabian Gulf state from building an artificial ski slope. As the emirate has sought to re-invent itself as a center for tourism and commerce to ensure its economic future as oil revenues dwindle, projects like this have earned it a reputation for money-no-object spending. So why shouldn’t it add an aerospace industry to its wish list?

April 30, 2007 - 6:20am

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.

 
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