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FINANCIAL NEWS
DAE plans to sell StandardAero
27 Aug 2013
(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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