GA Telesis has announced the signing of a definitive agreement to acquire AAR’s landing gear overhaul business and wheels and brakes business unit. Upon completion, the acquired operations will be integrated into the GA Telesis MRO Services Division under Group President Pastor Lopez and rebranded as GA Telesis Landing Gear Services. This acquisition will enhance […]
GA Telesis to acquire AAR’s landing gear overhaul business Read More »
AAR CORP. and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) have partnered to establish a new joint venture focused on maintenance, repair and overhaul (MRO) services for next-generation aircraft nacelles in the Asia-Pacific region. This venture marks the second collaboration between the two companies, following a 2021 joint venture with Triumph Product
AAR and AFI KLM E&M to establish joint venture for nacelle MRO services Read More »
AAR CORP. a prominent aviation services provider, has been awarded a five-year contract worth up to US$1.2 billion from the U.S. Navy’s Naval Air Systems Command (NAVAIR) to provide maintenance and support for the P-8A Poseidon aircraft. This indefinite delivery/indefinite quantity contract tasks AAR with providing depot airframe maintenance and field team support for the
AAR awarded contract for P-8A Poseidon maintenance Read More »
AAR CORP. (AAR) has signed multiple long-term distribution agreements with Ontic. These agreements expand the companies’ existing defence and commercial partnerships, enhancing service offerings for the U.S. government and worldwide commercial customers. Under the first defence agreement, AAR will expand its support for U.S. government customers to include a specific list of T55 engine components
AAR and Ontic expand defence and commercial partnerships Read More »
AAR CORP. has posted fourth-quarter 2024 consolidated sales of US$656.5 million and income from continuing operations of US$9.1 million. For the fourth quarter of the prior year, the company reported sales of US$553.3 million and income from continuing operations of US$23.2 million. Consolidated fourth-quarter sales increased by 19% over the prior year quarter. Consolidated sales
AAR posts Q4 fiscal 2024 sales of US$657 million, up 19% Read More »
AAR CORP. and Cebu Pacific have inked a multi-year deal aimed at supplying surplus material for the CFM56-5B engine. Under the terms, AAR will provide support for the 30 CFM56-5B scheduled shop visits planned by Cebu Pacific throughout the contract period. Shevantha Weerasekera, Vice President for Engineering and Fleet Management at Cebu Pacific, expressed pride
AAR, Cebu Pacific sign CFM56-5B surplus material agreement Read More »
AAR CORP. has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for US$725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately US$80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be
AAR to acquire Triumph Group’s Product Support business Read More »
AAR Corp. has signed two multi-year commercial agreements with Moog Inc, a worldwide designer, manufacturer, and integrator of precision motion and fluid controls and controls and systems. The agreements are the first steps in a new strategic relationship that allows for potential future expansion of the scope of services provided. Under the first agreement, AAR will
AAR Corp and Moog sign two multi-year commercial agreements Read More »
AAR Corp. has appointed Andrew Schmidt as the Senior Vice President (SVP) of AAR Digital Services and Trax. In this role, Schmidt will collaborate closely with the Trax founders and leadership team to drive the expansion of the Trax business. His key responsibilities will involve growing the customer base, improving customer support, and introducing new
AAR appoints new SVP of AAR Digital Services and Trax Read More »
AAR CORP., has signed an agreement with United Airlines (United) to extend its existing airframe MRO services relationship through 2030 and expand its heavy maintenance commitments. Under this agreement, AAR has committed to growing its dedicated airframe narrow-body capacity to provide United Airlines a minimum of ten lines of maintenance support across AAR’s Miami, Florida
AAR and United Airlines extend MRO relationship Read More »
