AAR Corp. has acquired HAECO Americas for $78 million in an all-cash transaction, which significantly expands its heavy maintenance capacity in the U.S.
AAR will pay more than $55 million to resolve investigations by the U.S. Justice Department and SEC into violations of the Foreign Corrupt Practices Act.
Early engine removals, shop capacity, new tech and the role of alternative parts and repairs were discussed at Aviation Week’s Aero-Engines Europe conference.