AAR acquires U.K.-based Airinmar

PRNewswire

WOOD DALE — AAR Corp. said it has acquired Airinmar Holdings Limited, an international provider of aircraft component repair management services.

Terms of the acquisition were not released, although AAR said in a statement the company was bought with cash on hand. Airimar will operate as part of AAR’s Aviation Supply Chain segment.

With headquarters in the United Kingdom near London Heathrow Airport, Airinmar supports airlines, aircraft manufacturers and maintenance, repair and overhaul providers with component repair management services.

“The acquisition of Airinmar will significantly strengthen AAR’s supply chain solutions offering by extending our high-value repair management capabilities,” said David P. Storch, AAR chairman and chief executive officer. “The new business increases our international presence, contributes to the growth of our commercial and defense businesses and will lead to increased efficiencies across our own supply chain, logistics and MRO operations.”

Airinmar supports a diverse and global customer base. Airinmar creates value through its in-depth knowledge of aircraft component repair requirements, value engineering capabilities, proprietary IT solutions and excellent relationships with its global supplier base. Established in 1985, Airinmar currently employs approximately 145 employees at locations throughout the world.

AAR is a leading provider of products and value-added services to the worldwide aerospace, government and defense industries. With facilities and sales locations around the world, AAR serves customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services.