21 March 2014
AAR (NYSE: AIR) said it is acquiring inventory and customer contracts from Sabena technics Brussels and expects the transaction to close in the first week of April.
The agreement includes ongoing power-by-the-hour support for 13 customers, which AAR´s Aviation Supply Chain division will handle from its new facility at the Brussels Airport. In addition to supporting the customers that will transition from Sabena technics, this 24/7 facility will support AOG and other parts requirements for existing AAR customers in Europe, the Middle East and Africa.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: aviation services and technology products.
Founded in 1968, Sabena technics is a leading independent maintenance repair and overhaul provider. The group employs more than 3,000 persons in 18 sites worldwide, including Bordeaux, Brussels, Dinard, Marseille, Miami, Monastir, Nimes and Papeete. Its website is at www.sabenatechnics.com.