By Dylan Bowman
Dubai Aerospace Enterprise to merge Standard Aero and Landmark Aviation within engineering subsidiary.
State-owned Dubai Aerospace Enterprise (DAE) has completed of its $1.9 billion acquisition of two US aircraft maintenance firms from Carlyle Group, it announced today.
DAE said it will merge Standard Aero and Landmark Aviation within its DAE Engineering subsidiary.
DAE described the acquisitions as a “critical platform” for the company’s goal to become an global player in maintenance, repair, and operations (MRO) of aircraft.
“We are extremely excited to have Standard Aero and Landmark Aviation as a cornerstone of DAE's engineering division,” said Robert Mionis, chief executive of DAE Engineering.
“These companies have established themselves as two of the most extensive and experienced aviation services providers in the world and the completion of this acquisition is an important step in our strategy to be a global force in this sector.”
Standard Aero president and chief operating officer Paul Soubry Jr has been named president and chief executive of the combined company.
The combination of Standard Aero and Landmark Aviation will create a global aviation services network of 12 primary facilities in the US, Canada, Europe, Singapore and Australia, with an additional 14 regional located service and support locations.
Standard Aero provides gas turbine engine and accessory MRO and engineering services to regional airlines, military, business aviation, helicopters and industrial operators located in over 75 countries.
Landmark Aviation, with four major MRO s in the US, offers "nose-to-tail" services that include engine, airframe, avionics, interior refurbishments and paint for aircraft.