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Article: Castle Harlan Fund Completes Purchase of AMR Services.
- Article from:
- PR Newswire
- Article date:
- April 5, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, April 5 /PRNewswire/ -- Castle Harlan, Inc., the New York merchant bank, said today a private equity investment fund it manages had completed the acquisition of AMR Services, a subsidiary of AMR Corporation, the parent of American Airlines.
The company has been renamed Worldwide Flight Services, Inc., Castle Harlan said. The terms of the transaction were not disclosed.
Worldwide Flight Services is one of the world's leading providers of ground services for more than 200 airlines at some 65 major airports around the world. It had revenues in 1998 of approximately $230 million.
The company employs close to 8,000 people worldwide. The ...