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Mon 26 Aug 2013 04:22 PM

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Dubai Aerospace Enterprise confirms merger talks

DAE in discussions to combine its US firm StandardAero with UK’s BBA Aviation

Dubai Aerospace Enterprise confirms merger talks
Generic airplane, airport

Dubai Aerospace Enterprise (DAE) has confirmed it is in preliminary discussions with UK-based BBA Aviation to merge parts of its business.

It was reported on Sunday the British aircraft services company was in talks with US rival StandardAero for a £2.7bn ($4.2bn) tie-up.

DAE bought StandardAero, an Arizona-based engine repair and maintenance business, six years ago.

DAE would not provide further details on the possible deal.

BBA Aviation specialises in servicing business jets and is listed on the London stock exchange. It is worth about £1.4bn.

DAE specialises in maintenance, repair and overhaul services, aircraft completions and aircraft leasing.

Headquartered in Dubai, the company operates in four continents and employs more than 3,700 people.

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