AAR has acquired HAECO Americas from the HAECO Group.
The purchase price is USD 78 million. AAR has secured multi-year contracts worth more than USD 850 million with key customers, and services available at the two facilities are now nearly fully booked.
HAECO Americas is North America’s second-largest aircraft maintenance, repair and overhaul (MRO) provider, after AAR. It has two facilities in Greensboro, North Carolina, and Lake City, Florida. AAR plans to expand facilities in Miami and Oklahoma City.
The HAECO Group is an MRO provider based in Hong Kong and part of the Swire Group. AAR provides MRO services to airlines, governments, and others.
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