Aviation Capital Group issued $255 million in Unsecured Medium Term Notes. The notes were issued in three tranches of five-, seven-, and 10-year bullet maturities, with the majority of demand for the longer tranche. The issue, originally offered at $100 million, was oversubscribed three times. With this transaction, ACG has sourced approximately $2 billion of capital since January 1, 2009.
AAR acquires Trax to accelerate digital solutions strategy
Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments: