The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises. 

The talks revolve on 'certain parts of its business', according to DAE through a statement. It added that there are 'no other details' as to the terms of the discussions. BBA, for its part, there can be no assurance as to the completion of the transaction. DAE is based and listed in London, with a listed enterprise value of GBP1.48 billion or USD2.3 billion.

Dubai Aerospace was established in 2006 with the goal of becoming one of the largest aircraft lessors. It had recently decided to drop most of its recent aircraft purchases as the recession weakened its overall finances. The cancellations were 55 of 100 planes from Airbus SAS and Boeing Co ordered during the 2007 Dubai airshow. 

According to the Sunday Times, BBA was also in talks as to the purchase of Standard Aero, a US firm and its competitor. DAE owns the repair and maintenance business of Standard Aero, may opt to purchase a larger stake in the business. The combined business, because of the transaction alone, pegs the enterprise value of DAE and BBA at GBP2.7 billion while valuing Standard Aero at GBP1.3 billion.