Dubai group in talks on U.S. aviation assets: source (Reuters)

[Eugene]

March 19, 2007 11:15 PM ET
Dubai group in talks on U.S. aviation assets: source

NEW YORK (Reuters) - Dubai Aerospace Enterprise (DAE) is
nearing a deal to buy a series of aviation businesses from U.S.
private equity firm Carlyle Group for more than $1.5 billion,
a source familiar with the matter said on Monday.

As part of the agreement, DAE would buy Landmark Aviation,
an aircraft maintenance provider, and Standard Aero, which
provides repair and overhaul services at airport terminals
for small-jet aviation and some military transports, according
to the source.

Carlyle declined to comment on the deal.

An agreement with DAE is likely to face debate in Washington,
where last year's state-owned Dubai Ports World's purchase of
some U.S. port operations triggered a political firestorm.

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