Operations
AAR Signs LOI to Explore Establishment of Supply Chain and MRO Operations in Russia
PARIS, France, June 18, 2013 — AAR CORP. (NYSE: AIR) announced today from the Paris Air Show that it has signed a letter of intent outlining a tentative two-phase project to establish a technical maintenance center for commercial aircraft in Ulyanovsk, Russia. The project, as initially defined, includes an aircraft parts distribution and logistics center, scheduled to open in mid-2014, followed by a commercial aircraft maintenance facility, scheduled to open in 2015.
“Our long-term...
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