Dubai Aerospace Selling FBO Group

Business Jet Traveler » October 2007
Monday, October 1, 2007 - 5:00am

Dubai Aerospace Enterprise (DAE) has announced that it is seeking a buyer for a division of Landmark Aviation called Airport Services Group. The group consists of 33 FBOs, an aircraft sales division, a charter management business, six maintenance shops and six Hawker Beechcraft authorized service centers. DAE isn't planning to sell Associated Air Center, which is Landmark's executive aircraft completions business, or its turbine overhauler Standard Aero. DAE purchased Landmark Aviation and Standard Aero from The Carlyle Group on August 1.

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“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham