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-05.20.24

Airborne-Unlimited-05.28.24

Airborne-Unlimited-05.22.24 Airborne-FlightTraining-05.23.24

Airborne-Unlimited-05.24.24

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

ANN's Daily Aero-Linx (05.26.24)

Aero Linx: National Aeronca Association We are dedicated to supporting the design and preserving the history of Aeronca aircraft. Founded by Jim Thompson and fostered by his leader>[...]

Klyde Morris (05.24.24)

Klyde Sounds Like He's Defining An 'Influencer' FMI: www.klydemorris.com>[...]

ANN's Daily Aero-Term (05.26.24): Parallel ILS Approaches

Parallel ILS Approaches Approaches to parallel runways by IFR aircraft which, when established inbound toward the airport on the adjacent final approach courses, are radar-separate>[...]

Airborne 05.20.24: Van's BK Exit, Bud Anderson, Air Race Classic

Also: ALPA Warns, Aviation Meteorology Reference, Jennifer Homendy Re-Ups, CAF Tampa Bay The court has approved Van's Aircraft's bankruptcy reorganization plans, settling a stressf>[...]

Airborne-NextGen 05.21.24: ‘Liberty Lifter’, Cavorite Flies!, Eurodrone

Also: AMA National Fun Fly, Skyfire SF2, Echodyne Gets BVLOS, Av Meteorology Reference General Atomics' run at developing the Liberty Lifter ground effect aircraft has been put to >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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