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Sun 8 Sep 2013 03:12 PM

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Dubai’s DAE no longer in BBA merger talks

Talks between two over combing parts of their business began last month

Dubai’s DAE no longer in BBA merger talks
Generic airplane, airport

Dubai Aerospace Enterprise (DAE) said that talks between it and UK-based BBA Aviation over a potential merger had ended without a deal, a statement on Sunday said.

DAE has said last month that it was in discussions with BBA over the two potentially combining parts of their business.

It had been reported that 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 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.

DAE was setup in 2006 with the intention of becoming one of world’s biggest lessors of aircraft, but cancelled many of its jet purchases during the global recession. At the 2007 Dubai Air Show it ordered 100 aircraft from Boeing and Airbus, but before dropping plans to buy 45 of the Airbus jets.

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