AAR To Acquire Two MRO Facilities from Premier Aviation.
M2 EQUITYBITES-September 20, 2017-AAR To Acquire Two MRO Facilities from Premier Aviation
(C)2017 M2 COMMUNICATIONS http://www.m2.com
20 September 2017 - US-based aviation services company AAR (NYSE: AIR) has agreed to acquire two of Canadian MRO provider Premier Aviation's aircraft maintenance, repair and overhaul facilities one at Trois-Rivieres Airport in Quebec and one at Windsor International Airport in Ontario, the company said.
Premier Aviation established the MRO facility in Trois-Rivieres in 2002 and expanded it to 150,000 square feet in 2011.
The facility can accommodate up to seven narrow-body aircraft.
Premier began operating in Windsor in 2012 in a new 143,000 square-foot hangar with full back shop capability and capacity for six narrow-body aircraft.
AAR said the facilities have made investments in tooling over the past few years and currently employ over 300 well-trained aviation mechanics and personnel who will retain their positions based on expected workload.
The Canadian MROs will join AAR's award-winning network that also includes airframe maintenance facilities in Indianapolis, Indiana; Miami, Florida; Oklahoma City, Oklahoma; Duluth, Minnesota; and Rockford, Illinois, as well as component repair facilities in New York and Amsterdam; and landing gear services in Miami.
Across these sites, AAR provides maintenance, repair and overhaul for regional, narrow-body and wide-body aircraft operators.
AAR was ranked as the largest MRO services provider in the Americas and third in the world, before this acquisition.
The company employs more than 5,000 people in over 20 countries.
Based in Wood Dale, Illinois, AAR provides aviation services to commercial and government customers in over 100 countries through two operating segments: Aviation Services and Expeditionary Services.
Premier Aviation is a Canadian-owned aircraft maintenance, repair and overhaul and aircraft painting company serving the North American industry, with facilities in Quebec, Quebec, Canada; and Rome, New York, United States.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 20, 2017|
|Previous Article:||Theravance Biopharma wins US FDA approval for Trelegy Ellipta (Closed Triple) to treat appropriate patients with COPD.|
|Next Article:||Speridian Technologies Completes Merger with Microsoft Managed Partner Xelleration.|