AAR to acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines
AAR CORP. (NYSE: AIR) announced the acquisition of nine Boeing 757-200 passenger aircraft and 18 Rolls-Royce RB211 engines from American Airlines. This strategic acquisition aims to enhance AAR's ability to support the cargo market, specifically the RB211-powered 757 segment. Brian Salvatori, AAR’s Vice President of Asset Trading, emphasized the significance of this move for future cargo operations.
With operations in over 20 countries, AAR continues to expand its offerings in aviation services and aftermarket solutions.
- Acquisition of nine Boeing 757-200 aircraft enhances cargo market capabilities.
- Strategic investment in RB211 engine support strengthens market position.
- None.
Wood Dale, Illinois, March 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines from American Airlines.
The assets have been most recently operated by American Airlines.
“The acquisition of these aircraft and engines will enable AAR to continue to support the RB211-powered 757 cargo market,” said Brian Salvatori, AAR’s Vice President of Asset Trading.
For more information on AAR’s product offerings, visit aarcorp.com/products.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.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 which reflect management’s expectations about future conditions, including our support of the cargo market. 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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