Abstract
The article below furnishes information pertaining to the AAR Corp. business deal and throws light on the various features of the two companies and the incorporation of the expertise of the target company in the business deal.On March 6th, 2008, the officials of the AAR Corporation declared that it had acquired Airborne Heavy Maintenance Inc., for an undisclosed amount, in an attempt to improve efficiency. The proceedings of the deal will be concluded by the end of the 2008 fiscal year and the acquired business will function as the MRO or Maintenance, Repair and Overhaul segment of the AAR Corp.
AAR Corp.- Profile:
The MRO facilities now extended by AAR Corp. function in regions like Indiana, Arkansas and Oklahoma. According to reports conducted by Aviation Week and Overhaul & Maintenance Magazine, the AAR Corp ranks in the top ten of the most prominent companies offering MRO facilities.The company makes use of the "close to customer" model of operating as a leading service provider in extending value-added services, as well as in products required in the defense and aviation industries worldwide. The services of the company are dispensed to its clients through the leasing and sale of aircraft, the aviation supply chain, and MRO systems and structures.
Airborne Heavy Maintenance Inc.- Profile:
The company, which was established in 1995, carries out various activities in the aviation industry as an independent service provider, performing checks on aircrafts, painting, modifications, and installations for commercial airlines as well as companies involved in leasing of aircrafts and cargo carriers in the international arena. The company has Boeing airplanes and Airbus listed among its clients.The AAR Corp. acquisition was made in the interest of optimizing upon the expertise of Airborne Heavy Maintenance Inc. with regard to MRO systems and structures.
