Boeing closes aviall purchase

 - October 9, 2006, 5:53 AM

Aviall, one of the largest independent suppliers of new parts for business, government and commercial aircraft, was acquired by Boeing for $1.7 billion. The Chicago-headquartered OEM will operate the company under its current name as a wholly owned subsidiary. Incorporated in 1993, Dallas-based Aviall buys new parts from some 220 OEMs and resells them to general aviation, government and airline customers.