Dubai group nears deal to buy aviation businesses from Carlyle Group

[babylonsister]

http://www.reuters.com/articlePrint?articleId=USN1921955620070320

Dubai group in talks on U.S. aviation assets: source
Mon Mar 19, 2007 11:15PM EDT

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 (CYL.UL: Quote, Profile, Research) 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.

Both Democrats and Republicans feared that giving a state-owned Arab firm control of U.S. port terminals would pose a threat to national security. DPW later agreed to sell the port operations to soothe U.S. congressional concerns.

more...

[havocmom]

1. Anybody else see a pattern emerging?

Dubai has nothing, except a safe haven for well heeled criminals. Disneyland for bad boys

[asjr]

2. By all means let's keep it in the family.

[soothsayer]

3. Well if they can't have the ports, why the hell should they have aviation?

Seems even worse to me!