DaimlerChrysler sells corporate aviation wing
Germany’s DaimlerChrysler AG has sold DaimlerChrysler Aviation, the group’s wholly owned Stuttgart-based corporate aviation subsidiary, to Fulda, Germany-b
Germany’s DaimlerChrysler AG has sold DaimlerChrysler Aviation, the group’s wholly owned Stuttgart-based corporate aviation subsidiary, to Fulda, Germany-based ATON, a family-owned group that makes long-term investments in innovative companies specializing in raw materials, services and applied technology. The deal marks ATON’s first foray into business aviation.
Jonas Kraft, DaimlerChrysler Aviation’s director for sales and marketing, told AIN that the sale is “part of the measures currently being taken to increase efficiency and optimize the group’s portfolio with the goal of improving the return on net assets.” He said the parties agreed to keep the purchase price confidential.
