Business
AAR completes sale of Landing Gear Overhaul business
AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.
About this update from Aar Corp.
[{"type":"text","content":"WOOD DALE, Ill., April 3, 2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.","length":297,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/AAR)","displaySize":"","headline":null,"caption":"(PRNewsfoto/AAR)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/8a446a85975d5f18b436ec62bc0a9b2e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WUq3q7g.ITmaq7jglZjtgQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8a446a85975d5f18b436ec62bc0a9b2e","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2305023/AAR_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On December 20, 2024, AAR announced it had entered into a definitive agreement to divest the business as part of the Company's strategic plan to optimize its portfolio by investing in core functions that will accelerate its targeted growth and margin expansion initiatives.","length":277,"tagName":"p"},{"type":"text","content":""The divestiture of our Landing Gear Overhaul business is another step to enhance our portfolio and focus on growing our core aviation aftermarket services," said John M. Holmes, AAR's Chairman, President and CEO. "I want to thank our Landing Gear team for their many contributions to AAR over the years and wish them and GA Telesis success in the future."","length":380,"tagName":"p"},{"type":"text","content":"For more information on AAR, visit aarcorp.com.","length":47,"tagName":"p"},{"type":"text","content":"About AARAAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.","length":374,"tagName":"p"},{"type":"text","content":"About GA Telesis GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence i...