AAR forms company to sell aircraft engine parts

WOOD DALE - AAR, a leading provider of aviation services, has formed a seven-year partnership to create Serviceable Engine Products, a company that will sell engine parts on the global aviation aftermarket.

The partnership is with Fortress Transportation and Infrastructure Investors, which in collaboration with Lockheed Martin operates a commercial maintenance center in Montreal focused on repair and refurbishment of CFM56-7B and CFM56-5B aircraft engines.

Through its worldwide network, AAR will manage the teardown, repair, marketing and sales of spare parts from Fortress' CFM56 engine pool totaling more than 200 engines and growing.

"This partnership positions us well to service the growing demand for (used parts) on a leading engine platform as customers increasingly prioritize more cost-efficient solutions," said John Holmes, AAR president and chief executive officer.