AAR has expanded its relationship with flydubai by signing a long-term contract to provide comprehensive flight-hour component support for its new Boeing 737 MAX aircraft. The Dubai-based airline is set to take delivery of 100 Boeing 737 MAX 8 aircraft ordered at the 2013 Dubai International Airshow by the end of 2023. This is AAR’s first agreement to support the new aircraft and will utilize the company’s extensive global supply chain network, including its new parts warehouse in … [Read more...] about AAR signs agreement with flyDubai
David P. Storch
AAR to sell cargo group to Transdigm
AAR announced it would sell cargo handling business, Telair Cargo Group, to TransDigm for a purchase price of US$725 million in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair US, and Nordisk Aviation Products. AAR further announced its intention to sell its unprofitable Precision Systems Manufacturing business and will report it as a discontinued operation and record an impairment charge of approximately US$40 million in the third quarter of … [Read more...] about AAR to sell cargo group to Transdigm
