AAR Corp. (AIR) Wins SAAT Contract Valued Up to $125M
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AAR Wins Contract to Provide PBH, Component Management & Repair Services to South African Airways Technical
October 6, 2016 10:40 AM EDTJOHANNESBURG, Oct. 6, 2016 /PRNewswire/ --Â AAR (NYSE: AIR), a world leader in airframe maintenance and integrated supply chain solutions, has signed a five-year agreement to provide power-by-the-hour (PBH) component inventory management and repair services to South African Airways Technical (SAAT) Ltd. The contract is valued up to $125 million.
"This agreement marks a significant expansion of AAR's aviation and supply chain services in emerging markets," said David P. Storch, President, Chairman and CEO, AAR. "We are pleased to win the confidence of this leading airline customer in Africa."
AAR has... More
