Private equity firm The Carlyle Group Inc. (NasdaqGS:CG) is weighing strategic options, including a sale, for StandardAero, Inc. that could value the U.S. aircraft maintenance services provider at about $10 billion, including debt, people familiar with the matter said. Carlyle's deliberations come as the aviation sector recovers from the slump of the COVID-19 pandemic and as its peers capitalize on a rise in mergers and acquisitions to cash out on their investments. Carlyle is in the early stages of evaluating options for StandardAero and is working on selecting advisors to lead the review process, the sources said.

An initial public offering of the company is also under consideration, one of the sources added. There is no certainty the deliberations will lead to any deal, the sources said, requesting anonymity because the matter is confidential. Carlyle declined to comment.

A spokesperson for StandardAero did not immediately reply to a request for comment.