Private equity firm Carlyle has abandoned its attempts to offload engine parts maker Paradigm Precision, due to low valuations linked to the ongoing MAX 737 grounding, reports CNBC. Carlyle had owned Paradigm Precision for nearly a decade and was attempting to offload the engine part maker but was forced to abandon its sale because buyers were unwilling to meet its valuations due to ongoing uncertainty over when the MAX will return to service. According to CNBC, despite one bid being over the $1billion mark this wasn’t enough for Carlyle. One major customer of Paradigm Precision is GE, which itself yesterday reported
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