Carlyle To Sell Two Aerospace Cos.

The Carlyle Group is nearing a deal to sell Landmark Aviation and Standard Aero to Dubai Aerospace Enterprise, according to Reuters. The transaction would be worth in excess of $1.5 billion. Tempe, Ariz.-based Landmark provides aircraft maintenance services, while Winnipeg-based Standard Aero provides repair services at airport terminals. Doughty Hanson is also a Standard Aero shareholder.