Investing.com
Published Apr 05, 2024 20:22
The new facility is expected to be operational in early 2026.
More than 150 representatives from AAR (NYSE:AIR), Alaska Airlines, state and local government, and partner organizations supporting the efforts gathered to celebrate groundbreaking on AAR's new three-bay facility that is being constructed adjacent to the Company's existing facility at
The new facility has been designed to provide AAR an additional 80,000+ square feet of hangar and warehouse space and to accommodate all 737 variants, including the 737-10. AAR's growth in
Considerable funding for the project was made possible through a grant secured by
Speakers at the groundbreaking celebration included
Holmes shared, "Today's groundbreaking has been made possible thanks to collaborative efforts across AAR and Alaska Airlines, partnerships with Oklahoma City Airport Trust, and state and local representatives who are passionate about expanding aviation in
"The Oklahoma City Airport Trust is excited to partner with AAR to expand its Maintenance, Repair and Overhaul operation at
"This groundbreaking isn't just about constructing a hangar. It's about cultivating an excellent experience for all involved. JE Dunn is honored to bring our construction expertise and leadership and partner with The Oklahoma City Airport Trust (OCAT) to support the business growth happening in our city," said
For more information on AAR, visit aarcorp.com.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including the expansion of the Company's MRO facility in |
Contact:
Media Team
Corporate Marketing and Communications
+1-630-227-5100
Editor@aarcorp.com
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.