AAR To Consolidate North American MRO Footprint - Quick Facts

(RTTNews) - AAR Corp. (AIR) said that it will close its MRO facility in Hot Springs, Ark., and transfer operations to its Oklahoma City, Okla., facility as part of the Company's efforts to optimize its assets and improve return on invested capital for shareholders.

In response to overcapacity in North America, AAR will locate maintenance for regional aircraft in Oklahoma City by August to better align the capacity of AAR's 1MRO Network with current market demand.

The company noted that the employees working the two heavy maintenance lines in the 60,000-square-foot facility in Hot Springs will be offered employment at other AAR facilities.

The company stated that the Customers should expect the same high level of quality and performance throughout AAR's five remaining facilities in the Company's MRO network, which was recently named the Best Airframe MRO Provider worldwide by ATE&M.