Divestment

July 11, 2012 - 4:25pm

Cobham has completed the sale of its U.S.-based rescue beacon business to J.F. Lehman & Co. for $73 million. The UK company also said it has divested its related European operation to management for a nominal sum.

The businesses–ACR Electronics and ACR Electronics Europe–design and manufacture beacons and emergency locator transmitters, with operations in Fort Lauderdale, Florida, and Vienna, Austria, respectively.

January 12, 2012 - 3:12pm

Cessna Aircraft and Bell Helicopter parent company Textron is reportedly conducting a “strategic review” that could result in the divestiture of some of its businesses, according to Reuters. Similar speculation surfaced about two years ago, with no spin-offs resulting. However, analysts believe that the outcome might be different this time, as Textron’s defense businesses encounter declining military spending. Bell Helicopter was specifically named in the story as being a candidate for divestiture.

April 27, 2011 - 7:30am

The management and pilots of American Eagle are “aggressively” preparing for an eventual divestiture of the regional airline from AMR, Eagle’s Air Line Pilots Association master executive council vice chairman, Dave Ryter, told AIN in late March.

 
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