StandardAero Not On Auction Block

A Reuters report set off a flurry of speculation that Dubai Aerospace Enterprise might sell StandardAero, which “is not on the auction block, per se,” says Mike Turner, StandardAero’s director-arketing and corporate communications. He says Dubai Aerospace Enterprise has not told the company it plans to sell the large independent engine MRO, which generated revenues of about $1.4 billion in 2008 and 2009. Turner says 2010 “has been a very solid year for us” in revenue, which should be about the same as the last two years and which is above many of its industry peers.