CARLYLE GROUP!
Someone get Michael Moore on the phone!
Posted on 03/25/2007 11:00:38 AM PDT by EnigmaticAnomaly
WASHINGTON — The United Arab Emirates was expected to purchase two aircraft engine repair firms in the United States.
Officials said that neither the Bush administration nor Congress would block a purchase by the UAE state-owned Dubai Aerospace Enterprise of two U.S. aerospace companies. They said the proposed DAE purchase of Landmark Aviation and Standard Aero Holdings Inc. would not be deemed a security threat.
"The deal is unlikely to have problems in Congress," Sen. Charles Schumer, a leading member of the Democratic-controlled Congress, said.
Officials said DEA has been briefing administration officials and senior members of Congress of plans to purchase the two U.S. firms. They said DEA has been told that any purchase would be subject to security restrictions and periodic review.
In 2006, Schumer led an effort to block the UAE purchase of a British firm that managed the six leading ports in the United States. The effort by the UAE's Dubai Ports World was opposed by most of Congress on grounds of national security.
"This [DEA] purchase is not as much of a security risk as Dubai Ports World," Schumer said.
DEA, a $15 billion aerospace conglomerate, has been negotiating with the Washington-based Carlyle Group for the acquisition of Landmark and Standard Aero. Executives said the deal could be worth close to $2 billion.
Landmark owns 33 business aircraft terminals in Canada and the United States. Standard Aero has only repair facilities. Landmark maintains contracts with the U.S. Air Force and its employees undergo security checks.
Officials said the proposed DEA purchase would be reviewed by the Committee on Foreign Investment in the United States. The committee, headed by Treasury Secretary Henry Paulson, was meant to ensure that the sale of any U.S. company would not harm national security.
"The CFIUS process should be allowed to run its proper course,'' Sen. Joseph Lieberman, a Connecticut independent, said.
Jiminy, does everything have to be Bush's fault anymore?
If Bush agrees with little Chucky Schumer...then he is keeping BAD COMPANY...
Pesky islamists want to take over the world.
Only those things that happen on his watch, like this deal and the ports fiasco. While I'm no great fan of Bill Clinton, it seems there is a knee-jerk propensity to blame everything on him that has adversely happened in the last six years; and the few good things are to the credit of G.W. At the same time, it equally seems as though there is an all to happy willingness to deny Clinton credit for the good things that happened on his eight year tenure. Those, it's often claimed, are the result of Bush-the-senior's efforts and even stretching back to Pres. Reagan for the kudos. It's difficult to have credibility when such situational assessments are the norm.
Chuckie must've gotten his palm, or the collective DNC palm greased well enough this time around......
***Great...Bush seems to be keeping just WONDERFUL company on this deal... /s***
How about changing that to:
Great...the Democratic congress who promised to save this country will force this through.
CARLYLE GROUP!
Someone get Michael Moore on the phone!
Schumer doesn't oppose this because he doesn't have any big contributers who want to buy these companies cheap.
Apparently you missed last year, when 3/4ths of the people on FR, and most of the conservatives, had a collective brain freeze and jumped on board with Chucky Schumer against the DP World deal.
I still find it laughably tragic that so many folks took Schmuck Chumer's bait on the Dubai ports deal.
this is a great way to repatriate petro $$$
Dubai and the UAE are on the path to greatness. Their growth wii ultimately bring about the end to the problems in the mideast.
The GCC growth will isolate and decimate Iran and Syria.
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