AAR Acquires International Component Repair Management Provider Airinmar
- Acquisition Strengthens AAR's Position as a Leading Worldwide Aviation Supply Chain Solutions Provider
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.
Global Military Aviation MRO Market 2015-2019
"The acquisition of Airinmar will significantly strengthen AAR's supply chain solutions offering by extending our high-value repair management capabilities," said David P. Storch, Chairman and Chief Executive Officer, AAR CORP. "The new business increases our international presence, contributes to the growth of our commercial and defense businesses and will lead to increased efficiencies across our own supply chain, logistics and MRO operations."
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Source : AAR Corporation (NYSE: AIR)
Aug 31 - Sep 2, 2015 - Springfield, United States