US AVIATION-SERVICE company Sabreliner has acquired DynCorp's airliner maintenance and modification subsidiaries for an initial payment of $12.5 million. The deal includes DynAir divisions in Arizona, Florida and Texas with annual sales of about $60 million and 1,100 employees.
St Louis, Missouri-based Sabreliner specialises in corporate-aircraft maintenance and owns the design rights to the Sabreliner business jet.
The company acquired fixed-base operator Midcoast Aviation from Trans World Airlines in November 1994. With the DynAir acquisition, Sabreliner will have annual sales approaching $200 million and more than 2,000 employees.
The acquisition extends Sabreliner's capabilities into large aircraft, says chief executive Holmes Lamoreux.
The businesses acquired perform heavy maintenance and modification, aircraft disassembly and component resale, and passenger communications/entertainment-system installation.
Source: Flight International
