AAR and Air France Industries KLM Engineering & Maintenance to form joint venture in Asia-Pacific region
AAR CORP. (NYSE: AIR) and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) have signed an agreement to form a joint venture in the Asia-Pacific region. Located in AAR's Chonburi, Thailand facility, the venture will focus on nacelle maintenance, repair, and overhaul services for next-generation aircraft, including on-wing/on-site inspections and parts availability.
This marks their second joint venture, following their 2021 collaboration in the Americas region through Triumph Product Support, which AAR acquired earlier this year. The new partnership aims to combine an independent MRO with a global airline and MRO provider to deliver enhanced service and support for operators. The formation is subject to regulatory approval and will expand their worldwide network for nacelle services.
AAR CORP. (NYSE: AIR) e Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) hanno firmato un accordo per formare una joint venture nella regione Asia-Pacifico. Situata nella struttura di AAR a Chonburi, Thailandia, la joint venture si concentrerà sulla manutenzione, riparazione e revisione delle nacelle per aeromobili di nuova generazione, comprese ispezioni a bordo/a sito e disponibilità di parti.
Questo segna la loro seconda joint venture, dopo la collaborazione del 2021 nella regione delle Americhe tramite Triumph Product Support, che AAR ha acquisito all'inizio di quest'anno. Il nuovo partenariato mira a combinare un MRO indipendente con una compagnia aerea globale e un fornitore MRO per offrire un servizio e un supporto migliorati per gli operatori. La formazione è soggetta ad approvazione regolatoria e amplierà la loro rete mondiale per i servizi di nacelle.
AAR CORP. (NYSE: AIR) y Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) han firmado un acuerdo para formar una joint venture en la región de Asia-Pacífico. Ubicada en la instalación de AAR en Chonburi, Tailandia, la empresa conjunta se centrará en los servicios de mantenimiento, reparación y revisión de carenados para aeronaves de nueva generación, incluidas las inspecciones en vuelo/en el sitio y la disponibilidad de piezas.
Este es su segundo acuerdo de joint venture, tras su colaboración en 2021 en la región de las Américas a través de Triumph Product Support, que AAR adquirió a principios de este año. La nueva asociación tiene como objetivo combinar un MRO independiente con una aerolínea global y un proveedor MRO para ofrecer un servicio y apoyo mejorados a los operadores. La formación está sujeta a la aprobación regulatoria y ampliará su red mundial de servicios de carenados.
AAR CORP. (NYSE: AIR)와 Air France Industries KLM Engineering & Maintenance (AFI KLM E&M)가 아시아-태평양 지역에서 합작 투자 설립 계약을 체결했습니다. 태국 촌부리의 AAR 시설에 위치한 이번 합작 투자는 최신 항공기를 위한 차세대 나셀의 유지보수, 수리 및 오버홀 서비스에 중점을 두며, 항공기 점검 및 부품 가용성에 대한 현장 검사도 포함됩니다.
이것은 그들의 두 번째 합작 투자로, 2021년 아메리카 지역에서 Triumph Product Support를 통한 협업에 이어 진행된 것입니다. AAR는 올해 초 이 회사를 인수했습니다. 이번 파트너십은 독립 MRO와 글로벌 항공사 및 MRO 제공업체를 결합하여 운영자에게 향상된 서비스와 지원을 제공하는 것을 목표로 하고 있습니다. 이 형성은 규제 승인을 받아야 하며, 나셀 서비스에 대한 세계적인 네트워크를 확장할 것입니다.
AAR CORP. (NYSE: AIR) et Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) ont signé un accord pour former une coentreprise dans la région Asie-Pacifique. Située dans l'installation d'AAR à Chonburi, en Thaïlande, la coentreprise se concentrera sur les services de maintenance, de réparation et de révision des nacelles pour les aéronefs de nouvelle génération, y compris les inspections sur ailes/sur site et la disponibilité des pièces.
Ceci marque leur deuxième coentreprise, suite à leur collaboration en 2021 dans la région des Amériques via Triumph Product Support, que AAR a acquis au début de cette année. Le nouvel partenariat vise à combiner un MRO indépendant avec une compagnie aérienne mondiale et un fournisseur MRO pour offrir un service et un soutien améliorés aux opérateurs. La formation est soumise à l'approbation réglementaire et va élargir leur réseau mondial de services de nacelles.
AAR CORP. (NYSE: AIR) und Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) haben eine Vereinbarung zur Gründung eines Joint Ventures in der Asien-Pazifik-Region unterzeichnet. Das Joint Venture, das in der Einrichtung von AAR in Chonburi, Thailand, angesiedelt ist, wird sich auf Wartungs-, Reparatur- und Überholung (MRO) von Nacellen für moderne Verkehrsflugzeuge konzentrieren, einschließlich On-Wing-/Vor-Ort-Inspektionen und Teileverfügbarkeit.
Dies ist ihr zweites Joint Venture, nach ihrer Zusammenarbeit im Jahr 2021 in der Amerikas-Region durch Triumph Product Support, das AAR Anfang dieses Jahres übernommen hat. Die neue Partnerschaft zielt darauf ab, ein unabhängiges MRO mit einer globalen Fluggesellschaft und einem MRO-Anbieter zu kombinieren, um verbesserten Service und Unterstützung für Betreiber zu bieten. Die Gründung unterliegt der behördlichen Genehmigung und wird ihr weltweites Netzwerk für Nacellengeschäfte erweitern.
- Strategic expansion into the growing Asia-Pacific aviation market
- Leveraging existing facility in Thailand for operational efficiency
- Enhancement of service capabilities through partnership with major airline MRO
- Expansion of nacelle maintenance portfolio and network coverage
- Regulatory approval pending for joint venture formation
- Significant capital investment likely required for new operations
Insights
This strategic joint venture between AAR and Air France Industries KLM E&M represents a significant expansion in the Asia-Pacific MRO market, particularly targeting the critical nacelle maintenance segment. The partnership leverages AAR's existing facility in Thailand and combines it with AFI KLM E&M's airline expertise, creating a powerful market position in one of aviation's fastest-growing regions.
The timing is particularly strategic as next-generation aircraft fleets expand rapidly in APAC. This venture will capture increasing demand for specialized nacelle maintenance services, while the combination of an independent MRO with a major airline-backed maintenance provider creates unique competitive advantages in service delivery and parts availability.
The formation of this joint venture significantly strengthens AAR's market position in the
The partnership builds upon their successful 2021 Americas joint venture, demonstrating effective execution of AAR's global expansion strategy. The deal should enhance AAR's competitive position against larger MRO providers and could lead to meaningful revenue growth in the medium term as next-generation aircraft deliveries accelerate in the APAC region.
Located in AAR's Chonburi,
"This partnership with AAR strengthens both our positions in the
"By combining the experiences and innovative approaches of AAR and AFI KLM E&M, we are able to expand our nacelle capabilities portfolio and support an extensive network of operators," said Jim Berberet, AAR's Senior Vice President of Component Services. "Our joint venture will be positioned with strong capability to meet the needs of the largest fleets in the APAC region, and we plan to continue to cover additional engine nacelle types in the future."
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
About AFI KLM E&M
Air France Industries KLM Engineering & Maintenance is a major multi-product MRO (Maintenance, Repair, Overhaul) provider. With a workforce of over 12,800, AFI KLM E&M offers comprehensive technical support for airlines, ranging from engineering and line maintenance to engine overhaul, aero structure, and fan thrust reverser support, as well as the management, repair, and supply of aircraft components, structured around a powerful logistics network. AFI KLM E&M supports almost 3,000 aircraft operated by 200 major international and domestic airlines. www.afiklmem.com
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including regulatory approval of the new joint venture and anticipated capabilities, activities and benefits related to the new joint venture. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. |
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Editor@aarcorp.com
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SOURCE AAR CORP.
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