World Kinect Corporation Completes Sale of the Avinode Group and Portfolio of Aviation Software Products

MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) announced today it has completed the sale of the Avinode Group, the world’s leading air charter sourcing platform, and its portfolio of aviation FBO software products to CAMP Systems International, Inc., a wholly-owned subsidiary of Hearst. World Kinect received gross cash proceeds at closing of approximately $200 million, and expects to report a one-time after-tax gain of approximately $75-80 million in the second quarter. “We are pl