AAR (NYSE: AIR) has announced AAR Aircraft Services Trois-Rivières ULC has entered into a letter of intent with Air Canada to establish an airfare maintenance center of excellence, the company said.
AAR entered into a letter of intent for a ten-year, renewable agreement for airframe maintenance.
This long term agreement should enable AAR to develop an Airframe Maintenance Center of Excellence at its Trois-Rivières MRO in Quebec, Canada, and to expand its heavy maintenance services for Air Canada, which will stimulate new investment in aerospace and create more high-quality aircraft mechanic jobs.
The larger combined Airbus A330 fleet of Air Canada and Air Transat would allow Air Canada to move wide-body A330 maintenance work for both airlines from abroad to AAR in Trois-Rivières, in addition to maintaining and expanding AAR´s airframe maintenance work in Quebec on the A320 family, including all new A321-neo aircraft. AAR currently performs airframe maintenance work in Trois-Rivières on Air Canada´s existing A320 fleet and E190 fleet (which is being phased out).
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services.
AAR Aircraft Services is a full-service aircraft maintenance, repair and overhaul (MRO) provider, wholly owned and operated by AAR Corp.