MIAMI, April 16, 2025 /PRNewswire/ -- Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced Amerijet International Airlines, an international cargo airline, selected Trax's eMRO and eMobility suite to enhance its maintenance operations and support its digital transformation journey.Trax commenced the implementation of its innovative solutions, including the QuickTurn, TaskControl, Line Control, and EzStock mobile apps and fully-managed cloud hosting s ...

Core Viewpoint - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host its second annual Porsche Auction on April 26, 2025, featuring 55 Porsche collector cars and various memorabilia, highlighting the continued strength of Porsche values in the collectible car market [1][6]. Auction Details - The auction will take place in partnership with the Air|Water event at the Orange County Fairgrounds, showcasing a total of 55 Porsche cars and 20 lots of memorabilia, including a half-scale Dakar Junior child's car [1]. - Featured items include a 2015 Porsche 918 Spyder Weissach Martini Racing, estimated between $2,700,000 and $3,000,000, and a 2005 Porsche Carrera GT, estimated between $1,800,000 and $2,100,000 [1][4]. Vehicle Highlights - The 2015 Porsche 918 Spyder is noted for its impressive performance, combining a 4.6-liter V8 engine with two electric motors for a total output of 887 horsepower and a 0-60 mph time of just 2.5 seconds [2][3]. - The 2005 Porsche Carrera GT, with less than 800 original miles, is presented as a pristine example of an analog supercar, featuring a naturally aspirated V10 engine and manual transmission [4]. Market Insights - Post-COVID, Porsche values have shown resilience and growth, with certain models like the 918 Spyder continuing to appreciate in value, as evidenced by successful sales in the past year [6]. - The auction aims to attract passionate Porsche enthusiasts, offering a selection of high-quality and sought-after models from various decades [6]. Company Background - Broad Arrow Auctions, established in 2021, is recognized as a leading global collector car auction house, expanding its presence in Europe with upcoming auctions [8]. - Hagerty, the parent company, is dedicated to automotive culture and provides specialty vehicle insurance, valuation data, and auction services to car enthusiasts [9].

MIAMI, April 8, 2025 /PRNewswire/ --Trax, a leading global provider of paperless aviation maintenance and engineering software products, and Rolls-Royce, a global leader in aerospace and defense technology, announced today the launch of a seamless interface between Trax's eMRO application and Rolls-Royce's Blue Data Thread platform. This collaboration marks a significant advancement in the integration of maintenance, repair, and overhaul (MRO) operations with real-time data analytics, enhancing efficiency a ...

Core Insights - Trax has partnered with SIA Engineering Company (SIAEC) to implement a fully digital maintenance, repair, and overhaul (MRO) platform at SIAEC's new heavy maintenance facility in Malaysia, marking a significant milestone in the aviation industry's paperless movement [1][4] Company Overview - Trax is a leading global provider of paperless aviation maintenance and engineering software products, offering cloud-based solutions that support digital signatures, paperless workflows, and real-time information access [5] - SIAEC is a major provider of aircraft MRO services in the Asia-Pacific region, serving over 80 international carriers and aerospace manufacturers, with operations at more than 30 airports across 9 countries [6][8] Technological Advancements - The implementation of Trax's eMRO and eMobility products will digitize all operational processes at SIAEC's Base Maintenance Malaysia (BMM), including MRO planning, task execution, release management, and costing [2][5] - Trax's TaskControl application will eliminate paper-based workflows, enhancing speed, accuracy, and compliance in maintenance operations [7] - The use of Trax products will expedite maintenance event turnaround times through a fully digital check package process [7] Operational Efficiency - Trax's Production Control application will optimize manpower allocation and slot planning, enabling the MRO facility to operate at peak efficiency [7] - The eMRO platform will manage inventory, warehouse, and tooling, providing real-time information on part availability and tool utilization [7] - eMRO will also facilitate contract management and digital invoicing, simplifying administrative tasks and enhancing financial transparency [7]

Core Viewpoint - AAR CORP. has appointed Sharon Purnell as Senior Vice President and Chief Human Resources Officer to enhance its global Human Resources department and support its strategic objectives [1][4]. Group 1: Appointment Details - Sharon Purnell joins AAR with over two decades of experience in human resources, focusing on coaching and strategic leadership [3]. - Purnell previously served as Chief Human Resources Officer at Stepan Company, where she led development, retention, and cost-saving initiatives [3]. - Her past roles include leadership positions at Streamland Media, Riddell Sports, Underwriters Laboratories, Honeywell Aerospace, and General Electric Company [3]. Group 2: Company Background - AAR is a global aerospace and defense aftermarket solutions company operating in over 20 countries [5]. - The company supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [5].

Core Viewpoint - AAR CORP. has established a joint venture, KALS LLC, with KIRA Aviation Services to provide pilot training for the U.S. Navy's E-6B Mercury under a federal contract, enhancing capabilities in aviation services and supporting small business growth [1][2][3]. Group 1: Joint Venture Details - KALS LLC is formed under the Small Business Administration's Mentor-Protégé Program, combining AAR's extensive experience with KIRA's award-winning services [3][8]. - The joint venture has secured a firm fixed-price contract to deliver in-flight training and currency for Naval Aviators, with operations based in Oklahoma City through March 2027 [2][4]. Group 2: Strategic Importance - The collaboration aims to address urgent needs of the U.S. Navy, ensuring high-quality pilot training essential for national defense [4][5]. - AAR will provide KIRA with aviation expertise and training, enhancing KIRA's capabilities and positioning it for future growth [3][5]. Group 3: Company Backgrounds - AAR CORP. operates globally in over 20 countries, offering a range of aerospace and defense aftermarket solutions across four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [6]. - KIRA Aviation Services, a subsidiary of the Tlingit Haida Tribal Business Corporation, specializes in facility maintenance, logistics support, and base operations for various Department of Defense agencies [7].

Core Viewpoint - AAR CORP is divesting its Landing Gear Overhaul business, which is expected to create future business opportunities and benefits for the company [1] Group 1: Future Business Opportunities - The divestiture is anticipated to enhance the company's operational efficiency and focus on core business areas [1] - Management expresses optimism regarding the potential benefits of the divestiture, indicating a strategic shift in business operations [1] Group 2: Forward-Looking Statements - The company’s statements regarding the divestiture are classified as forward-looking, reflecting management's expectations about future conditions [1] - These statements may include terms such as "anticipate," "expect," and "project," indicating the company's outlook on the anticipated benefits [1] Group 3: Risks and Uncertainties - The realization of anticipated benefits from the divestiture may be affected by various risks, including the company's ability to execute the divestiture effectively [1] - Factors that could lead to actual results differing from expectations include operational impacts and other business-related uncertainties [1]

Core Points - AAR CORP. has been recognized as a Top Shop for Best Total Solutions Provider Repair by The145.com, highlighting its commitment to quality and customer support in aviation maintenance [1][2] - The award is part of a competitive process with over 16,000 nominations and nearly 11,000 votes, establishing AAR's excellence in the industry [2] - AAR received a total of 10 Top Shop award nominations, showcasing its strong performance across various service categories [2] Company Overview - AAR is a global aerospace and defense aftermarket solutions company, operating in over 20 countries and headquartered in the Chicago area [5] - The company supports both commercial and government customers through four main operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [5] - AAR's Senior Vice President of Repair & Engineering emphasized the company's focus on delivering innovative, high-quality solutions to maintain its status as a preferred provider in aviation maintenance [3]

Core Insights - AAR Corp. reported third-quarter fiscal 2025 adjusted earnings of 99 cents per share, exceeding the Zacks Consensus Estimate of 96 cents by 3.1% and showing a 16.5% improvement from the previous year's 85 cents [1][2] - The company generated net sales of $678.2 million, which was 3% below the Zacks Consensus Estimate of $699 million but represented a 19.5% increase from $567.3 million in the same quarter last year [3] - The year-over-year sales growth was primarily driven by the acquisition of Product Support and strong demand in the Parts Supply segment [3] Financial Performance - The Parts Supply segment reported sales of $270.7 million, an increase of 11.7% year over year, while Repair & Engineering sales rose 53.3% to $215.9 million [4] - Integrated Solutions sales decreased by 1.6% to $162.9 million, and Expeditionary Services saw a 53.5% increase to $28.7 million [4] - AAR's adjusted operating margin improved from 8.3% to 9.7%, attributed to enhanced profitability in the Repair & Engineering segment [5] Expenses and Debt - Selling, general and administrative expenses decreased to $61.3 million from $77 million a year ago [5] - Net interest expenses rose to $18.1 million from $11.3 million in the prior year, mainly due to increased debt levels from the Product Support acquisition [6] - As of February 28, 2025, AAR's cash and cash equivalents were $84.4 million, slightly down from $85.8 million as of May 31, 2024, while long-term debt increased to $1.02 billion from $0.985 billion [7] Cash Flow - In the first nine months of fiscal 2025, AAR reported net cash used in operating activities of ($15.3) million, compared to a net cash flow of $19.3 million in the same period last year [7]

Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition ...