AAR has completed the acquisition of Avborne Heavy Maintenance, an independent provider of aircraft heavy maintenance checks, modifications and painting services located in Miami, Florida. The newly acquired business will operate as part of the Company's Maintenance, Repair and Overhaul (MRO) segment as AAR Aircraft Services — Miami.
The acquisition significantly increases the Company's MRO capacity, workforce and capabilities. The move adds 226,000 square feet of modern hangar space at Miami International Airport and 467 aviation maintenance technicians (AMTs), increasing AAR's hangar space by 22 percent and bringing the total number of AMTs at AAR to more than 2,000 worldwide.
