Last Update 0:14
Wednesday, 20 November 2019

Dubai's DAE ends tie-up talks with BBA Aviation

Dubai Aerospace Enterprise says it ended discussions over possible merge with British aircraft services firm BBA Aviation

Reuters, Sunday 8 Sep 2013
Share/Bookmark
Views: 499
Share/Bookmark
Views: 499
Dubai Aerospace Enterprise (DAE), owner of U.S.-based engine repair and maintenance business StandardAero, said on Sunday it is no longer in discussions with British aircraft services firm BBA Aviation (BBA.L) to merge parts of its business.
 
The two firms had announced in late August that they had started talks to merge some of their assets, after media reports said that BBA was looking at a 2.7 billion pound ($4.2 billion) tie-up with Arizona-based StandardAero.
 
"Dubai Aerospace Enterprise announced today it is no longer in discussions with BBA Aviation about a potential combination of certain parts of its business," DAE said in an emailed statement.
No further details were given in the statement
 
Short link:

 

Latest

© 2010 Ahram Online.