“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”
Dubai Aerospace Selling FBO Group
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.