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US based airline manufacturer Boeing Co. has said that they are acquiring aerospace parts supplier Aviall Inc. This deal is going to cost them around $1.7 billion. 

 

The company is planning to expand its services as the last year saw record orders for the company from emerging aviation markets like China and India. 

 

This is also the first major deal for the company under its new chief executive James McNerney. 

 

Boeing received orders for a record number of 1,002 commercial plane orders in 2005. They would not be able to match this figure in the current year but the orders are good enough to keep the company busy for quite sometime. 

 

And with so many planes scheduled to be delivered in the coming years, Boeing believes that over the next few years supplying parts and maintaining existing planes will become more of an important part of their operations. 

 

This entry was posted on Tuesday, May 2nd, 2006 at 11:09 pm and is filed under Business World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.