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Article: New Acquisition by Worldwide Flight Services Expands Global Operations to 82 Airports.
- Article from:
- PR Newswire
- Article date:
- August 16, 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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FORT WORTH, Texas, Aug. 16 /PRNewswire/ -- Worldwide Flight Services, one of the world's largest providers of ground services to the aviation industry, announced today the purchase of Miami Aircraft Support, Inc. (MAS), of Miami, Florida, in a transaction valued at $66.4 million. The acquisition will raise Worldwide's expected revenues this year to more than $300 million.
Worldwide Flight Services, formerly AMR Services, will now have nearly 10,000 employees at 82 airports around the world. The company was acquired in March by a private equity investment fund organized and managed by Castle Harlan, Inc., the New York merchant bank. The seller was AMR Corp., ...