AAR acquires international component repair management provider Airinmar

AAR CORP. has acquired Airinmar Holdings Limited (Airinmar), an international provider of aircraft component repair management services. The acquisition was paid for from available cash on hand and it is expected to be modestly accretive to earnings over the balance of the Company’s fiscal year 2012. The newly acquired business will operate as part of AAR’s Aviation Supply Chain segment. With headquarters located in the United Kingdom near London Heathrow Airport, Airinmar supports airlines, aircraft manufacturers and maintenance, repair and overhaul (MRO) providers with component repair management services.