Boeing has agreed to pay around $1.7 billion to acquire Dallas-based parts distributor Aviall as part of a drive to increase its presence in aftermarket parts distribution. Boeing Commercial Airplanes president and chief executive Alan Mulally says: “Aviall is customer focused, has a strong growth plan and proven track record of solid financial performance. It is a perfect fit for our strategy of providing supply chain management solutions that help our airline and military customers operate more efficiently and productively.” Boeing is paying around $48 a share for the business, including the assumption of roughly $350 million of debt. Aviall is forecasting 2006 revenues of around $1.6 billion, with earnings before interest, tax, depreciation and amortisation of around $163 million. Aviall will operate as a wholly owned subsidiary within Commercial Aviation Services.
Source: Flight International
