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GIC-backed aviation service provider StandardAero files for US IPO
The Straits Times
|September 09, 2024
Planned listing comes as after-market services industry heats up amid aviation recovery
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StandardAero, an aircraft maintenance services provider backed by private equity company Carlyle Group and Singapore's sovereign wealth fund GIC, filed for an initial public offering (IPO) in the US on Sept 6.
The after-market services industry is heating up, with several aircraft equipment manufacturers also expanding into the space in recent years, as the business can fetch strong margins with lighter capital investment.
This story is from the September 09, 2024 edition of The Straits Times.
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