North American maintenance providers Standard Aero and Landmark Aviation are now operating under one common organization structure and team, and will shortly unveil a rejuvenated look for Standard Aero, which will become the single brand of the merged entity, ATI can reveal.
Integration of the two firms under Dubai Aerospace Enterprise’s technical subsidiary DAE Engineering began immediately following the Middle Eastern group’s July 31 acquisition of engine maintenance specialist Standard Aero and business aviation maintenance provider Landmark Aviation for $1.9 billion from private equity company The Carlyle Group.
“The integration teams have been at work in all facets of the organization, working to combine processes, policies and practices. Integrating two companies is an incredible undertaking – and we’ve made a lot of progress already,” Standard Aero/Landmark Aviation president and CEO Paul Soubry tells ATI.
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Standard Aero/Landmark Aviation president and CEO Paul Soubry |
He adds: “All of our work elements are on track and will be completed in 2008, which is what we planned from the onset. Many activities have already been completed. For example, the supply chain team continues to examine our many vendors and suppliers, with an eye to managing this in the future as a single larger entity.
“The IT team continues to join networks and database systems. Each team and the many employees involved have accomplished a lot.”
With a common organization structure and team already in place, however, the ‘new’ Standard Aero brand “will be unveiled during the first quarter of 2008”, reveals Soubry, noting that the Landmark Aviation name was sold with the Landmark Aviation Airport Services business in a transaction announced in December. That sale will be finalized in February 2008.
Standard Aero was founded in Winnipeg, Canada. The combined businesses will maintain headquarters in Winnipeg. However, members of the executive leadership team will also be located in Tempe, Arizona as well as Dallas and San Antonio in Texas.
Soubry says opportunities to grow the company “through the acquisition of businesses that fit our overall strategy” are being constantly examined.
“Our parent organization, DAE Engineering also continues to examine growth opportunities around the world for both enhancing the Standard Aero offering and the DAE growth strategy.”
He adds that Standard Aero’s focus going forward will be to continue to provide MRO work to airline and regional, business aviation and military customers. “We will also continue to support our helicopter and industrial customers. Now with 12 primary operations located around the world, we feel that what we offer are exceptional capabilities in each market sector.”
Source: flightglobal.com's sister premium news site Air Transport Intelligence news
Source: FlightGlobal.com
