AAR Completes Sale Of 10 737-400 Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Thu, Feb 28, 2013

AAR Completes Sale Of 10 737-400 Aircraft

Airplanes Purchased By Malaysian Airline System Berhad (MAS) From Company's Joint Venture Portfolio

AAR and its joint venture partner have completed the sale of 10 Boeing 737-400 aircraft to Malaysian Airline System Berhad (MAS), which the Company announced in November 2012. The sale is consistent with the Company's stated goal to reduce its investment in aircraft leasing. AAR's portfolio now includes four aircraft held in joint ventures and two aircraft that are wholly-owned. At its peak in 2007, the Company held a total of 42 aircraft in its joint venture and wholly-owned portfolios.

The transaction closed during the third quarter and will generate net cash proceeds of approximately $20 million and a modest recorded gain during the Company's current fiscal year 2013. Due to joint venture accounting, there will be no impact on reported sales.

The Company remains active in the aircraft sales, re-marketing and modification business, where AAR has an established market presence and augments the sale of aircraft with high-value parts, maintenance and modification services from its broad range of capabilities.

AAR is a provider of value-added products and services to the worldwide aerospace and government and defense industries.

FMI: www.aarcorp.com

Advertisement

More News

Airborne At OSH15 Day 2 Redux: Aspen's AOA, NTSB's Hart, New Able Flight Pilots

Also: BIG Piper Order, AEA $1000 Givewaway, Airbus A350 X-W-B, F-22 Raptor, Pelton Interview -- Part 2 In only four months since its introduction, Aspen has obtained FAA certificat>[...]

Airborne at OSH15 - 07.21.15: Aspen's AOA, NTSB's Hart, New Able Flight Pilots

Also: BIG Piper Order, AEA $1000 Givewaway, Airbus A350 X-W-B, F-22 Raptor, Pelton Interview -- Part 2 In only four months since its introduction, Aspen has obtained FAA certificat>[...]

Airborne At OSH15 Day 1 Redux: Redbird Sidekick, Pelton Upbeat, Hartzell Re-Prop

Also: Aviation Gateway Park, New Vintage Plaza, L-3 Genesys, BendixKing's KI300, Jack Pelton Interview--Part 1, Lockheed Buys Sikorsky, ANN's AirVenture Innovation Preview ROCKED! >[...]

AeroSports Update: Enthusiasm Does Not Trump Good Planning

The Story Of Bill’s Idea To Own An Airplane And Become A Sport Pilot Didn’t Work Out So Well Anxious to own a plane and become a sport pilot, Bill purchased a damaged, >[...]

AeroSports Update, FAA Emphasizes Transition Training

The FAA Has Updated Their Advisory Circular For Transitioning To Unfamiliar Aircraft The FAA released an update to an Advisory Circular (AC) on transitioning to unfamiliar aircraft>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC