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 07.25.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.25.14 **
** Airborne 07.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.23.14 **
** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **

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

It's Turbo Time! AeroVee Turbo Orders Now Accepted

Will Offer Significant Performance Boost For Sonex Aircraft Sonex Aircraft announced at a press and customer briefing Sunday morning that orders are now being accepted for the long>[...]

There's A New Light Sport Amphib Coming To The Block

MVP.Aero Introduces What It Calls The Worlds 'Most Versatile Plane' A new sport plane that is designed to operate from runways, water, and snow and ice was introduced Sunday aftern>[...]

Historic OSH2014 Sponsor: Bendix-King by Honeywell

OSH2014 Sponsor: Bendix-King by Honeywell The history of the Bendix name runs parallel to the development of King Radio until the mid-1980s, when the Allied Corporation purchased B>[...]

Revolutionary OSH2014 Sponsor -- Aviation Modifications Leaders

Aviation Modifications Leaders -- Unique Solutions For Critical Applications During two decades of designing, engineering and installation of Satcom systems with Honeywell (Allied >[...]

OSH2014 Sponsor: 'Super-App' ForeFlight

LONG-TIME ANN Sponsor, ForeFlight, Provides GREAT Guidance For Oshkosh 2014! ForeFlight was founded in 2007 by aviation entrepreneurs who set out to build elegant, high-performing >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC