As of December 31, 2006, the Company had 11 major subsidiaries.

Banner Aerospace is one of the company's major subsidiaries.

As of 31 December 2007, the company has eight major subsidiaries.

Continental, its other major subsidiary, posted a small profit.

A finance director of a major subsidiary of an oil company applied.

Since October 1988, he has been responsible for operations involving the corporation's five major subsidiaries.

The authority's four major subsidiaries gave the engineers access to a wide range of their facilities.

Texas Air said both major subsidiaries reported heavy losses.

As of December 31, 2007, the Company had five major subsidiaries and associates.

You're ignoring the very considerable costs of winding up a major subsidiary.