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FinancialNews


  • 27-08-13

    DAE plans to sell StandardAero

    (MENAFN) Dubai Aerospace Enterprise (DAE) is discussing merging some its business with British BBA Aviation, The Peninsula reported. DAE is seeking to sell it US-based StandardAero, provides engine repair and maintenance, for USD1.73 billion. DAE plans the sale, and other asset sales to repay its USD50 billion debt due over the next three years.

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