In December 1998, Business Express Airlines announced that AMR Eagle Holding Corp., a unit of AMR Corporation and parent of American Eagle Airlines and Executive Airlines would purchase the airline. Business Express had been operating as an American affiliate under the branding of American Connection at Boston Logan International Airport for only sixteen months prior to this announcement. All privately held Business Express stock was acquired by AMR Eagle Holding from several shareholders including the Philadelphia-based investment firm Dimeling, Schreiber & Park. Specific terms of the agreement were not disclosed.