Dubai firm plans to buy U.S. aviation companies
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From Bloomberg News
Dubai, the Persian Gulf sheikdom forced to sell its U.S. port assets last year on security fears, aims to buy two U.S. aircraft repair companies operating in the U.S. and is wooing American lawmakers to avoid a political backlash.
State-owned Dubai Aerospace Enterprise plans to buy Landmark Aviation and Standard Aero Holdings Inc. from Carlyle Group in “a couple of weeks,” Chief Executive Bob Johnson said.
