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
With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]
Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]
“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]
"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]
IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]