LONDON Aug 27 British aircraft services company
BBA Aviation confirmed talks to merge with parts of
Dubai Aerospace Enterprise (DAE), and said it had bought U.S.
firm Maguire Aviation for $69 million.
BBA's shares opened 6 percent higher on Tuesday after it
said talks with Dubai government-owned DAE were at a preliminary
Its statement came after a Sunday Times report, citing no
sources, said that BBA was in talks with DAE-owned StandardAero
over a 2.7 billion pound ($4.21 billion) merger.
StandardAero, a U.S.-based engine repair and maintenance
business, confirmed the talks on Monday.
BBA Aviation, which specialises in servicing business jets,
said its acquisition of Maguire Aviation at Van Nuys airport in
Los Angeles is expected to be accretive to earnings in the first
year of ownership.