Aviation Services Provider AAR Purchases Nine 757-200 Aircraft From American Airlines

Aviation services provider AAR Corp AIR subsidiary AAR Supply Chain will acquire nine Boeing Company BA 757-200 passenger aircraft equipped with 18 RB211 engines.
The assets have been recently operated by American Airlines Group AAL. The financial terms of the deal were not disclosed.
"The acquisition of these aircraft and engines will enable AAR to continue to support the RB211-powered 757 cargo market," said Brian Salvatori, AAR's Vice President of Asset Trading.
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AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries.
Price Action: AIR shares are trading lower by 0.80% at $54.47 on the last check Wednesday.
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