Boeing Co. Buys Aviall for $1.7 Billion
Posted on: Monday, 1 May 2006, 12:00 CDT
Chicago's Boeing Co. said Monday it will pay $1.7 billion to buy Aviall Inc., the world's largest independent aviation parts and services firm.
The all-cash deal, which includes debt assumption, will result in Aviall becoming part of Boeing's Commercial Aviation Services division and operating as a wholly-owned subsidiary.
Aviall's 2005 revenue was $1.3 billion, with more than 25 percent growth expected in 2006. Aviall is based in Dallas and has about 1,000 employees.
Source: United Press International
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