FBOs
Dubai firm begins process to acquire Landmark
State-owned Dubai Aerospace Enterprise (DAE) agreed last month to purchase Carlyle Group’s Landmark Aviation and Standard Aero Holdings for $1.8 billion.

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.

An April 2 Securities and Exchange Commission filing by DAE was the first public acknowledgement of the deal. The filing is the initial step in what promises to be a months-long process of financial and legal scrutiny.

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