UK-based aviation company BBA Aviation confirmed this week the company has plans to merge with some of United Arab Emirates-based company Dubai Aerospace Enterprise, say reports. Further, BBA confirmed the acquisition of US-based Maguire Aviation in a $69 million deal.
While no sources were cited, media said BBA is negotiating with the UAE competitor StandardAero, owned by DAE, for a deal worth $4.21 billion. StandardAero is based in the US and confirmed the merger news on Monday.
BBA specializes in jet equipment services.
Full Content: Trade Arabia
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