Standard Aero, Landmark Aviation Look to Expand

The newly combined Standard Aero and Landmark Aviation said it plans to build on its strong relationships with the OEMs to expand its presence in the business aviation market. At a press conference at the National Business Aviation Association annual convention, Rob Mionis, CEO of the parent DAE Engineering, said the company will look to grow, organically and through acquisitions, to become "a leader in the aviation industry." "As part of DAE, an innovative and growing aerospace growing, Standard Aero and Landmark Aviation together form one of the world's largest independent aircraft service organizations," Mionis said. "The companies offer a broad range of services in  diverse locations and intend to continue to grow globally and expand into other service areas." Paul Soubry, CEO of Standard Aero/Landmark Aviation, said the company, which has annual sales above $1 billion, is "one of the most full service businesses in aviation today." Business aviation represents about 45 percent of the company's business. "It's not just about fixing assets; it's about managing the assets long-term," he said. Soubry said the combined companies will offer an array of engine, airframe and accessory services for business, regional, military aircraft and helicopters. Soubry said the company's Maryville, Tenn., facility was designated as overhaul facility for Pratt & Whitney's PW610/615 engines. The company will spend $5.5 million to add 10,000 square feet to the existing 120,000 square foot facility.