The acquisition of these Boeing 757-200 passenger aircraft and engines is part of AAR’s strategic investment plan aimed at expanding its portfolio of aircraft and engine assets.
AAR CORP, a leading aviation services provider, has announced that its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft and 18 Rolls-Royce RB211 engines from American Airlines. The assets were most recently operated by American Airlines and the acquisition is expected to enhance AAR’s support for the RB211-powered 757 cargo market.
The acquisition of these aircraft and engines is part of AAR’s strategic investment plan aimed at expanding its portfolio of aircraft and engine assets. The transaction is expected to close in the first half of AAR’s fiscal year 2023, subject to customary closing conditions. The financial terms of the deal have not been disclosed.
According to Brian Salvatori, AAR’s Vice President of Asset Trading, the acquisition of these aircraft and engines will enable the company to continue its support of the RB211-powered 757 cargo market.
“The acquisition of these aircraft and engines will enable AAR to continue to support the RB211-powered 757 cargo market,” said Brian Salvatori, Vice President of Asset Trading, AAR.
AAR Corp is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. The company offers a range of services to commercial and government operators, MROs, and OEMs through two operating segments: Aviation Services and Expeditionary Services. With the acquisition of the Boeing 757-200 passenger aircraft and the Rolls-Royce RB211 engines, AAR is set to further enhance its capabilities in the aviation industry.
This move comes at a time when the aviation industry is experiencing a surge in demand for cargo services due to the Covid-19 pandemic. As passenger traffic has decreased, cargo demand has surged, leading to increased demand for cargo aircraft. The Boeing 757-200 passenger aircraft, which can be converted into cargo planes, has become an attractive option for cargo carriers looking to meet the surge in demand.
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AAR’s acquisition of the Boeing 757-200 passenger aircraft and the Rolls-Royce RB211 engines is a strategic move that will enhance the company’s position in the aviation industry. With the surge in demand for cargo services, the acquisition will enable AAR to provide cost-effective solutions to its customers and contribute to a sustainable future.
