Dubai's DAE in talks to merge some assets with BBA Aviation | Reuters:
"Dubai Aerospace Enterprise (DAE), owner of U.S.-based engine repair and maintenance business StandardAero, is in talks to merge parts of its business with British aircraft services firm BBA Aviation (BBA.L), it said on Monday.
Dubai government-owned DAE said the talks were at a preliminary stage and gave no further details.
Its statement came after the Sunday Times newspaper reported BBA was holding talks with StandardAero over a 2.7 billion pound ($4.2 billion) tie-up.
The paper said DAE was seeking 1.3 billion pounds for StandardAero, which it bought six years ago."
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