Wed, Jan 17, 2007
Will Continue Operations In Hot Springs, AR Under New Name
AAR Corp. announced this week
it has acquired a substantial portion of the assets of Reebaire
Aircraft, Inc., a regional aircraft maintenance, repair, and
overhaul facility located in Hot Springs, AR. The newly acquired
business will operate under the name AAR Aircraft Services-Hot
Springs.
The acquisition is part of the Company's strategy to expand its
MRO business and its support of regional aircraft operators.
Year-over-year, AAR's sales to regional airline customers have
increased 48 percent.
"The Reebaire acquisition doubles the size of our regional MRO
capacity and strengthens the Company's position in this
fast-growing market," said David P. Storch, Chairman, President and
Chief Executive Officer of AAR CORP. "This business will report
into our Oklahoma City operation, which has a proven track record
for producing excellent results. Additionally, we expect strong
synergies with our supply chain business."
Maintenance and support requirements for regional aircraft are
expected to increase as the worldwide fleet continues to grow and
mature. AAR states it is well positioned to meet these requirements
with a broad range of cost-effective services that include
logistics; component repair; overhaul of landing gear, wheels and
brakes; nose-to-tail aircraft maintenance and engineering
modifications.
AAR is a leading provider of products and value-added services
to the worldwide aviation/aerospace industry. With facilities and
sales locations around the world, AAR uses its
close-to-the-customer business model to serve airline and defense
customers through four operating segments: Aviation Supply Chain;
Maintenance, Repair and Overhaul; Structures and Systems and
Aircraft Sales and Leasing.
More News
Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]
'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]
"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]
"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]
There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]