AAR CORP, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines from American Airlines.

The assets have been most recently operated by American Airlines.

“The acquisition of these aircraft and engines will enable AAR to continue to support the RB211-powered 757 cargo market,” said Brian Salvatori, AAR’s Vice President of Asset Trading.

Financial results

AAR recently reported its third quarter fiscal year 2023 consolidated sales of $521.1 million and income from continuing operations of $21.8 million.

For the third quarter of the prior year, the company reported sales of $452.2 million and income from continuing operations of $22.6 million.

Trax

It also recently acquired Trax, which offers critical software applications to a diverse global customer base of airlines, MROs, and government aircraft operators supporting approximately 5,000 aircraft. Trax’s comprehensive solutions support the entire spectrum of maintenance activities and create the system of record required by airlines, MROs, and government aircraft operators.

Trax’s eMRO product is a web-based enterprise MRO software solution for managing aircraft maintenance and fleet management, including materials planning and purchasing, engineering, scheduling, regulatory compliance, work orders, and personnel. Its eMobility products provide a suite of mobile applications, including task cards, digital manuals, electronic log books, fleet status, and warehouse management.

The Trax acquisition accelerates AAR’s strategy to offer digital solutions focused on its core aviation aftermarket customers. Trax adds established, higher-margin aviation aftermarket software offerings with recurring revenue to AAR’s portfolio, and its complementary customer base provides opportunities to cross-sell products and services.

“We believe we can support Trax’s continued growth by investing in its platforms and by leveraging our global relationships to help Trax reach additional customers. We also believe that over time this combination will allow more customers to better access AAR’s parts and services offerings as Trax is the materials management system used by thousands of buyers and planners at airlines around the world,” said John M. Holmes, AAR’s Chairman, President, and CEO.
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