Maintenance and Modifications
DAE To Sell StandardAero to Private Equity Firm
Veritas Capital says StandardAero will become a cornerstone investment that creates a new platform for the firm in aerospace.

Dubai Aerospace Enterprise (DAE) is focusing on its leasing and local activities with the sale of maintenance, repair and overhaul heavyweight StandardAero to private equity firm Veritas Capital. The company announced in late May it had reached agreement to sell 100 percent of StandardAero to Veritas.