Cleveland-based aircraft parts maker TransDigm Group Inc. has completed the acquisition of the Telair Cargo Group of businesses from AAR Corp. for a total purchase price of US$725 million in cash, subject to adjustment. The acquisition was previously announced on 23 February 2015. Telair produces on-board cargo loading and handling, restraint systems and ULDs for a variety of commercial and military platforms with positions on a wide range of new and existing aircraft. The business … [Read more...] about TransDigm completes Telair Cargo acquisition
Telair Cargo
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