DAE buys MROs

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Dubai Aerospace Enterprise (DAE) completed the $1.9bn acquisition of maintenance, repair and overhaul (MRO) providers Standard Aero and Landmark Aviation from The Carlyle Group. DAE will merge the companies as a business enterprise within its DAE Engineering subsidiary. “DAE is quickly establishing itself as a significant player in the global aerospace industry,” said Bob Johnson, chief executive officer, DAE. “The acquisition provides a critical platform for DAE to take advantage of growth opportunities in the MRO business around the world.”

The combination will create a global aviation services network of 12 primary facilities in the US, Canada, Europe, Singapore and Australia, with an additional 14 regionally located service and support locations. Standard Aero provides gas turbine engine and accessory MRO and engineering services to regional airlines, military and business aviation, helicopters and industrial operators. Landmark Aviation, with four major maintenance, repair and overhaul operations in the US, offers nose-to-tail services that include engine, airframe, avionics, interior refurbish-ments and paint for mid- to heavy-aircraft. Landmark Aviation also operates Associated Air Centre, a completion centre that produces luxury aircraft interiors for transport-size aircraft manufactured by Boeing and Airbus. “We are extremely excited to have Standard Aero and Landmark Aviation as a cornerstone of DAE’s engineering division,” said Robert Mionis, chief executive officer of DAE Engineering. “These companies have estab-lished 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.”