Aviall has completed the divestment of non-core operations with the sale of its fastener-distribution business to Maple Leaf Aerospace. Aviall has progressively sold off its engine overhaul businesses to focus on parts distribution and inventory locator services. The unit is expected to become part of Maple Leaf's Tri-Star Aerospace manufacturing unit. Following the acquisition, private investment firm Odyssey Partners agreed to take a controlling interest in Tri-Star and Aviall Aerospace, which have combined revenues of over $100 million (£66 million).
Source: Flight International
