Printer Friendly

McDONNELL DOUGLAS RETAINS ITS FINANCE CORPORATION AS AN ONGOING BUSINESS

         McDONNELL DOUGLAS RETAINS ITS FINANCE CORPORATION
                      AS AN ONGOING BUSINESS
    ST. LOUIS, Nov. 11 /PRNewswire/ -- Following an extensive evaluation process, McDonnell Douglas Corporation (NYSE: MD) has decided to retain the McDonnell Douglas Finance Corporation as an ongoing business, focused on two core business lines -- aircraft financing and commercial equipment leasing.
    McDonnell Douglas Corporation has concluded that having a finance subsidiary capable of assisting in financing a wide range of equipment, including McDonnell Douglas commercial aircraft, is consistent with the company's long-range strategic goals.
    "McDonnell Douglas Finance Corporation has a long record of outstanding performance," John F. McDonnell, chairman and chief executive officer of McDonnell Douglas Corporation, observed. "I am confident that it will come out of the current difficult economic environment stronger than ever."
    McDonnell Douglas Finance Company will continue to downsize its business by selling selected assets.
    -0-                 11/11/91
    /CONTACT:  Andrew Wilson of McDonnell Douglas Corporation, 314-233-1038/
    (MD) CO:  McDonnell Douglas Corporation ST:  Missouri IN:  ARO SU: CH -- LA026 -- 3191 11/11/91 17:14 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 11, 1991
Words:169
Previous Article:ORTHOMET, INC. ADDS DIRECTOR
Next Article:NATIONAL AIRMOTIVE CORPORATION OBTAINS NEW LINE OF CREDIT
Topics:


Related Articles
McDONNELL DOUGLAS REACHES FINAL SETTLEMENT WITH IRS
McDONNELL DOUGLAS CORPORATION AND ISSC ANNOUNCE 10-YEAR, $3 BILLION AGREEMENT
McDONNELL DOUGLAS REALIGNS NON-AEROSPACE BUSINESSES WITH RETIREMENT OF GROUP EXECUTIVE
McDONNELL DOUGLAS ROTATES TWO TOP FINANCIAL EXECUTIVES
DUFF & PHELPS PLACES MCDONNELL DOUGLAS CORPORATION ON RATING WATCH--UP
DUFF & PHELPS RAISES RATING ON MCDONNELL DOUGLAS CORPORATION
DUFF & PHELPS CREDIT RATING CO. ESTABLISHES MCDONNELL DOUGLAS FINANCE CORP. COMMERCIAL PAPER RATING
Visteon Appoints James F. Palmer Executive Vice President and Chief Financial Officer.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters