AAR Finished with Triumph Support Arm Acquisition | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.15.24

Airborne-NextGen-07.16.24

Airborne-Unlimited-07.17.24

Airborne-FlightTraining-07.11.24

Airborne-Unlimited-07.12.24

Fri, Mar 08, 2024

AAR Finished with Triumph Support Arm Acquisition

MRO Purveyor Expands the Brand With New Additions

AAR Corporation announced the finished acquisition of Triumph Group's Product Support Business. 

The acquisition builds out AAR's capacity to provide maintenance, overhaul, and repair services with additional growth to its more specialized capabilities. Triumph's now former Product Support Services arm was sold to AAR last December, when it entered into sell the whole kit and kaboodle for $725 million in cash. That deal was financed with the proceeds from AAR’s previously announced $550 million note offering, with some extra borrowings done under its amended revolving credit facility.

“The completion of this acquisition scales AAR’s repair capabilities, expands our footprint in the APAC region, and enhances our ability to serve our global customers,” said John M. Holmes, AAR’s Chairman, President and CEO. “We’re excited to welcome more than 700 team members from the Product Support business who bring expertise in key areas to the AAR team.”

With the acquisition complete, AAR now sports a footprint that straddles more than 20 countries, offering a range of MRO, parts, engineering, and expeditionary support to government and civilian clientele.

FMI: www.aarcorp.com

Advertisement

More News

Aero-FAQ: Dave Juwel's Aviation Marketing Stories -- ITBOA BNITBOB

Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]

Classic Aero-TV: Dynon’s ‘Hands-On’ Approach – Innovative Touch Screen Avionics

From 2015 (YouTube Version): A 'Touching' Demonstration About the State of Innovation in Today's Sport Avionics Dynon avionics has championed the production of avionics equipment f>[...]

ANN's Daily Aero-Term (07.15.24): Apron

Apron A defined area on an airport or heliport intended to accommodate aircraft for purposes of loading or unloading passengers or cargo, refueling, parking, or maintenance. With r>[...]

ANN's Daily Aero-Term (07.16.24): Charted Visual Flight Procedure Approach

Charted Visual Flight Procedure Approach An approach conducted while operating on an instrument flight rules (IFR) flight plan which authorizes the pilot of an aircraft to proceed >[...]

ANN's Daily Aero-Linx (07.16.24)

Aero Linx: The Bellanca-Champion Club The Bellanca-Champion Club welcomes all owners, pilots, and enthusiasts. Whether you're a Bellanca owner or not, we invite you to join us. The>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC