Landmark Aviation, Carlyle Group's former aviation arm, made a payment of US$400,000 during the first half of 2007 to Akin Gump Strauss Hauer & Feld.
Landmark Aviation, Carlyle Group's former aviation arm, made a payment of US$400,000 during the first half of 2007 to Akin Gump Strauss Hauer & Feld. The amount was in return for lobbying the federal government, according to a disclosure form.
The company had been reportedly lobbying Congress on issues pertaining to foreign investment and a suggested proposal to sell its aviation business at a price of US$1.8bn to Dubai Aerospace Enterprise, part of a cluster of aerospace businesses being assembled at the emirate's Dubai World Central. This was revealed in an online form posted by the Senate's public records office on August 13.
During the same month, private equity company Carlyle finalised the sale of Standard Aero Holdings Inc, which revamps engines and turbines used in small jets, along with Landmark Aviation, an aircraft maintenance company, to government-owned Dubai Aerospace.
Unlike Dubai Ports World's attempt to purchase six US ports last year after acquiring P&O, which ended after strong opposition from members of the congress, Carlyle's deal with Dubai Aerospace Enterprise did not attract similar scrutiny.
As dictated by a federal law enacted in 1995, lobbyists are obliged to report any activity that could have an effect on members of the executive and legislative branches. The ruling dictates that lobbyists should register with Congress within 45 days of being hired or engaging in lobbying.