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StandardAero sold in $5 billion deal

from AINonline

Asset management company The Carlyle Group has agreed to purchase global aircraft maintenance and repair provider StandardAero from Veritas Capital, The Carlyle Group announced today. While terms of the deal were not disclosed, industry financial reporters have pegged it at approximately $5 billion. Subject to customary regulatory review, the transaction is expected to close in the first quarter of 2019. more

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