“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
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.