AAR’s Miami Airframe MRO facility expansion approved by Miami-Dade County
19 Julho 2023 - 6:49PM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, has received
approval from the Miami-Dade County Board of County Commissioners
to proceed with the construction of a 114,000 square foot facility
adjacent to the Company’s existing hangar at Miami International
Airport, as announced earlier this week.
AAR plans to break ground on the new facility in Q2 of its
FY2024 and complete construction within 24 months. Over time,
Miami-Dade County is expected to reimburse the anticipated $50
million cost to construct the hangar. This will increase capacity
at AAR’s Miami Airframe MRO by 33%.
This project supports AAR’s earlier announced extension and
expansion of its United Airlines MRO relationship, with AAR
contracted to provide a minimum of 10 lines of maintenance support
across its Miami, Florida, and Rockford, Illinois, facilities. The
additional workload will create more than 250 AAR careers in
Miami.
“AAR’s expansion at Miami International Airport supports our
highly connected community’s continued growth,” says Rodrick T.
Miller, President & CEO, Miami-Dade Beacon Council. “Miami is a
global hub with thriving aviation and trade and logistics sectors,
which makes MRO and other support services a vital component of
this ecosystem. The Beacon Council is working closely with AAR not
only to continue to expand their footprint successfully in
Miami-Dade, but to develop our local aviation mechanic workforce.
We enthusiastically welcome the hundreds of local jobs and
investment they are bringing to our community.”“As a leader in
international passengers and cargo, Miami International Airport is
one of the busiest and best mega airports in the country - and
AAR’s significant infrastructure investment only advances our local
aviation industry,” said Miami-Dade County Mayor Daniella Levine
Cava. “This expansion will strengthen the robust training and
repair programs AAR is known for and bring more than 250 new jobs
to Miami-Dade County.”“We are very excited about expanding our
partnership with United and grateful for the support we are
receiving from the Miami community,” said John M. Holmes, AAR’s
Chairman, President and CEO. “These opportunities are possible
thanks to the support of the Mayor, the Beacon Council, Miami
International Airport, our customers, and our incredible team of
employees.”
For more information on AAR, visit aarcorp.com.
About AARAAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area, AAR supports commercial and
government customers through four operating segments: Parts Supply,
Repair & Engineering, Integrated Solutions, and Expeditionary
Services. Additional information can be found at aarcorp.com.
This
press release contains certain statements relating to future
results, which are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995
which reflect management’s expectations about future conditions.
Forward-looking statements may also be identified because they
contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’
‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’
‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’
‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’
or similar expressions and the negatives of those terms. These
forward-looking statements are based on beliefs of Company
management, as well as assumptions and estimates based on
information currently available to the Company, and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from historical results or those anticipated. For
a discussion of these and other risks and uncertainties, refer to
“Risk Factors” in our most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q. Should one or more of
these risks or uncertainties materialize adversely, or should
underlying assumptions or estimates prove incorrect, actual results
may vary materially from those described. These events and
uncertainties are difficult or impossible to predict accurately and
many are beyond the Company’s control. The Company assumes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date of such statements or to
reflect the occurrence of anticipated or unanticipated events. |
Media Team
AAR CORP.
+1-630-227-5100
Editor@aarcorp.com
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