Second Time Around

The Carlyle Group is returning to the FBO business.  It is repurchasing Landmark Aviation, the FBO chain it sold five years ago as part of a $1.9 billion deal that also included StandardAero. While Dubai Aerospace bought both entities, it really was the completions, maintenance, repair and overhaul businesses of StandardAero and Landmark that it wanted.  It sold Landmark’s FBOs to GTCR and...