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Carlyle Wins U.S. Approval of $2.07 Billion Aviation Deal

  • Buyer is world’s biggest provider of services like refueling
  • Must sell assets at 6 airports to avoid `monopoly or duopoly'
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Photographer: Mark Elias/Bloomberg
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Carlyle Group LP’s $2.07 billion sale of the flight-support business Landmark U.S. Corp. was approved by the U.S. on the condition that the buyer, BBA Aviation Plc, sell some of its American facilities to avoid imposing a “monopoly or duopoly” on customers at half a dozen airports.

BBA, of London, announced in September that it planned to acquire Landmark from the Washington-based asset management firm. BBA’s Signature Flight Support division is the world’s biggest provider of refueling and other on-the-ground services to private, business and commercial aircraft, with 70 facilities in the U.S., according to a Justice Department filing. Acquiring Landmark would add about 60 locations in the U.S. while reducing costs from combined operations.