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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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