AAR Corp, frequently known by its ticker symbol AIR, is a global aviation services company that stands at the forefront of the industry, providing high-quality equipment, services, and maintenance to aircraft globally. The company's reputation for unparalleled excellence makes it a primary service provider for commercial airlines, governments, and defense & OEM markets worldwide.
Founded in 1951 in the basement of Ira A. Eichner’s home, AAR Corp started as Allen Aircraft Radio, a small radio equipment dealership which expanded into manufacturing and distributing aviation parts. The company was incorporated in 1955 and went public in 1962, where it has been trading on the New York Stock Exchange as AIR ever since.
AAR Corp functions via two primary segments: Aviation Services and Expeditionary Services. Aviation Services includes supply chain and maintenance activities, serving airline and government customers. This encompasses everything from management services for parts supply, MRO (maintenance, repair and overhaul) services to engineering services. Expeditionary Services caters to the U.S. Department of Defense and other government organizations with transport services.
AIR maintains an inventory of nearly a million line items and handles over 14,700 engine parts and accessories, supporting regional jets, commercial and military aircraft. Moreover, AIR's PAARTS Store and AARative aftermarket solutions provide 24/7 parts support. Its helicopter services unit supports the U.S. Department of Defense, fire fighting, emergency medical services and oil exploration platforms.
The company continues to focus on growth through technology innovation and strategic partnerships, strengthening its already robust portfolio. It made a big leap recently by acquiring Premier Aviation, expanding AAR's North American MRO network with new locations in Canada and the UK.
A major focus for AIR is supporting businesses that emphasize sustainability and reducing the carbon footprint. It has committed to reducing greenhouse gas emissions by 20% by 2025. Furthermore, it launched a joint project with Napier University's School of Engineering & the Built Environment to develop greener alternatives to aviation maintenance.
Overall, AAR Corp is a pioneering company in the aviation services industry, recognized for its high quality services, commitment to innovation and a sustainable future, and continuous dedication to its clients' success.