PORTLAND, Ore.—Utility Northwest Natural Gas Co. said Friday it sold its interest in a Boeing 737-300 aircraft for about $6.2 million, resulting in a small unspecified second-quarter gain.
The aircraft was originally purchased in 1987 and leased to Continental Airlines.
Northwest Natural said the sale is the last in a series of sales of noncore assets, which will allow the company to focus on its core utility, gas storage and gas transmission pipeline activities.
Northwest Natural shares fell 72 cents to close at $44.24.
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