Dubai Aerospace Enterprise.

Dubai Aerospace Enterprise (DAE) has announced the formal completion of its acquisition of aviation service providers Standard Aero and Landmark Aviation from The Carlyle Group. DAE will merge the companies as a business enterprise within its DAE Engineering subsidiary. The transaction, valued at US$1.9 billion, brings together two of the world's leading maintenance repair and overhaul (MRO) providers. DAE is developing an integrated aerospace cluster-that will eventually be based at Dubai World Central--the new 140 square kilometer airport and logistics city being constructed at Jebel Ali, Dubai, in the United Arab Emirates. DAE has formed six core divisions spanning research and development, manufacturing, engineering, operations, maintenance, repair and overhaul, aircraft leasing and aerospace services. The combination of Standard Aero and Landmark Aviation will create a global aviation services network of 12 primary facilities in the United States, 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 business aviation, helicopters and industrial operators located in over 75 countries. Landmark Aviation, with four major maintenance, repair and overhaul operations in the US, offers nose-to-tail services that include engine, airframe, avionics, interior refurbishments and paint for mid- to heavy-aircraft. Landmark Aviation also operates Associated Air Center, a completion centre that produces luxury aircraft interiors for transport size aircraft manufactured by Boeing and Airbus. DAE also announced the appointment of Paul Soubry Jr as President and Chief Executive Officer of the combined companies. Soubry most recently served as President and Chief Operating Officer of Standard Aero. Associated Air Center will report separately into DAE Engineering, where the focus will be on operational excellence and strategically growing the business.