Newsletter Subscription


Saturday, May 23, 2015


AAR Acquires International Component Repair Management Provider Airinmar

  • Acquisition Strengthens AAR's Position as a Leading Worldwide Aviation Supply Chain Solutions Provider
Wood Dale, Illinois - AAR CORP. (NYSE: AIR) announced today that it 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.

Related Research on ASDReports.com:
The Global Armored Vehicles and MRO Market 2015-2025

"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."

Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.

Source : AAR Corporation (NYSE: AIR)

Published on ASDNews: Oct 12, 2011

 

Additive Manufacturing for Defense and Aerospace Conference

Aug 31 - Sep 2, 2015 - Washington, United States

Register More info


Next Generation ISR Symposium

Jun 9 - 10, 2015 - Washington, United States

Register More info


© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk