Aviation aftermarket giant AAR and Napier Park Global Capital are backing a joint venture that will focus on acquiring late-life commercial aircraft. AAR will be the sole servicer and asset manager for the new alliance, managing the portfolio and developing exit strategies. According to a Dec. 5 joint statement, the main focus is on acquiring yield-generating assets that maximize returns as aircraft reach the end of operational life. Chicago-based AAR is the third-largest aircraft MRO ...


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