Business

June 19, 2013

AAR explore establishment of supply chain, MRO 0perations in Russia

AAR CORP. announced June 18 that it has signed a letter of intent outlining a tentative two-phase project to establish a technical maintenance center for commercial aircraft in Ulyanovsk, Russia.

The project, as initially defined, includes an aircraft parts distribution and logistics center, scheduled to open in mid-2014, followed by a commercial aircraft maintenance facility, scheduled to open in 2015.

Our long-term growth strategy continues to address what is clearly a global opportunity for value-added aviation services,î said David P. Storch, chairman and CEO of AAR CORP. ìWith this agreement, AAR will extend its superior value proposition into this rapidly growing, yet significantly underserved market in Russia and eastern Europe. We believe we are in an excellent position to leverage our expertise to establish a world-class facility with a comprehensive service offering to support a wide range of customers throughout the region. We are confident that with the assistance of strong, capable partners and the continued support of the Russian government, we can bring this project to fruition.

Konstantin Koloskov, principal at Tur Partners LLC, a Chicago-based adviser specializing in infrastructure development within Russia, commented, We are very pleased to work with AAR on the exploration of this important project. The Russian aviation marketplace, the excellent support of the leadership in Russia, and AARís industry leading position make a powerful combination that we expect will lead to a successful launch and strengthen Ulyanovskís position as an aviation center of excellence.î




All of this week's top headlines to your email every Friday.


 
 

 

Headlines November 17, 2014

News: Fight over A-10 re-opens Hill, Air Force divide - After a relatively quiet summer, the battle for the future of the A-10 Warthog exploded in the last two weeks, reopening deep fissures between Congress and the Air Force that seem to show the two sides at a total stalemate. Chances for sequester relief fade as...
 
 

News Briefs Nov, 17, 2014

Second stealthy destroyer starting to take shape The second of three stealthy destroyers under construction in Maine is starting to take shape. The Navy says it has completed the hoisting of the 1,000-ton composite deckhouse onto the 610-foot hull of the future USS Michael Monsoor. It took four cranes to complete the job Nov. 14....
 
 
NASA photograph by Jim Yungel

NASA DC-8 continues west Antarctic ice study

NASA photograph by Jim Yungel The Thurston Island calving front off of western Antarctica as seen from the window of NASA’s DC-8 flying observatory Nov. 5, 2014. NASA’s DC-8 flying laboratory has two weeks of suppor...
 

 
NASA photograph by Emmett Given

NASA opens registration for 2015 Exploration Rover Challenge

NASA photograph by Emmett Given Pedaling across a simulated alien landscape of rock, craters and shifting sand is one of the nearly 90 teams of high school, college and university students from across the United States and arou...
 
 
Lockheed Martin photograph

Lockheed Martin begins final assembly of NASA’s next Mars lander

Lockheed Martin photograph Technicians in a Lockheed Martin clean room prepare NASA’s InSight Mars lander for propulsion proof and leak testing on Oct. 31, 2014. Following the test, the lander was moved to another clean room ...
 
 
Air Force photograph by Isaac Cruz

‘Batman’ fix to sustain C-5s for decades, saving millions

Robins Air Force Base, Ga., has hit another milestone by being the first to complete a new major structural repair on a C-5M which will bring in millions of dollars in revenue and sustain the Air Force’s fleet for decades...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>