DaimlerChrysler sells aviation unit to ATON

Reuters / January 26, 2007 - 10:00 am

FRANKFURT (Reuters) -- DaimlerChrysler has sold its DaimlerChrysler Aviation GmbH unit to a subsidiary of Germany's ATON GmbH for a sum the world's fifth-biggest carmaker did not disclose, it said today.

The unit provides air transport to business travelers. It employs 200 people and had 2006 revenue of around $83.9 million (65 million euros).

The deal is part of DaimlerChrysler's drive to divest non-core activities and increase its return on net assets.