AeroTurbine signs four year exclusive agreement with American Airlines

AeroTurbine, Miami, has signed a four year exclusive agreement with American Airlines. Under this agreement, AeroTurbine will have exclusive rights to purchase material deemed surplus by American Airlines and remarket the material globally. AeroTurbine and American Airlines will jointly run a warehouse in Tulsa, Oklahoma to prepare the material for remarketing. Furthermore, AeroTurbine will locate personnel on-site within American Airlines to research additional opportunities to reduce American Airlines’ inventory levels.