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ARINC Sold

JayBrian

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Carlyle Group Buys Aviation Tech Company

AMR Corp., the parent of American Airlines, said it expects to get $194 million in proceeds and record a gain of $140 million when the sale closes Oct. 31.

UAL Corp., the parent of United Air Lines, said in a filing that it expects to get more than $125 million and gain more than $40 million for its share.


Surprisingly USAirways is still listed as a principle shareholder according to ARINC's 2006 Annual Report.

ARINC 2006 Annual Report
 

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