April 30, 2014
AAR signs 5-year contract to support Air Canada’s narrow-body Airbus fleet
AAR (NYSE: AIR) has signed a five-year exclusive contract with Air Canada to support its fleet of 89 Airbus 319, 320 and 321 narrow-body aircraft. The scheduled heavy maintenance will be performed at AAR’s maintenance, repair and overhaul (MRO) facility at Duluth International Airport. The five-year deal formally extends service that began under a letter of intent signed in October 2012. Work initially commenced at AAR’s aircraft maintenance facility in Miami and was transitioned to Duluth after AAR opened the new MRO in November of that year. AAR Aircraft Services – Duluth supports three lines of aircraft maintenance and 305 jobs and is on track to add a fourth line in November, creating another 70 jobs.