October 18, 2012
AAR signs LOI with Air Canada for Airbus aircraft maintenance
AAR has signed a Letter of Intent (LOI) with Air Canada to provide airframe maintenance services for the airline’s Airbus A320 series aircraft. The LOI calls for AAR to perform regularly scheduled airframe maintenance and modifications that will enable Air Canada to efficiently maintain its approximately 89 Airbus narrow-body aircraft. AAR and Air Canada are working together to finalize the terms of a five-year agreement for the work to continue through September 2017. The work is commencing at the Company’s aircraft maintenance facility in Miami and is planned to be transitioned to the Company’s new AAR Maintenance, Repair and Overhaul facility in Duluth, Minnesota over the next year.