Dubai's DAE ends tie-up talks with BBA Aviation | Reuters:
"Dubai Aerospace Enterprise (DAE), owner of U.S.-based engine repair and maintenance business StandardAero, said on Sunday it was no longer in talks with British aircraft services firm BBA Aviation (BBA.L) to merge parts of its business.
The two firms had said 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.
DAE, which specializes in aircraft maintenance and leasing, gave no further details on why the discussions had ended."
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