AAR(AIR) Prnewswire·2024-12-12 13:00Core Viewpoint - AAR CORP. and Air France Industries KLM Engineering & Maintenance have formed a joint venture in the Asia-Pacific region to provide nacelle maintenance, repair, and overhaul services for next-generation aircraft, enhancing their service capabilities in the aviation industry [1][2]. Company Overview - AAR CORP. is a leading provider of aviation services with operations in over 20 countries, supporting commercial and government customers through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [4]. - Air France Industries KLM Engineering & Maintenance is a major multi-product MRO provider with over 12,800 employees, supporting nearly 3,000 aircraft operated by 200 airlines [5]. Joint Venture Details - The new joint venture will be located at AAR's facility in Chonburi, Thailand, focusing on next-generation nacelle services, including on-wing inspections and ensuring part availability [2]. - This joint venture is the second collaboration between AAR and AFI KLM E&M, following a previous partnership established in 2021 for the Americas region [1][2]. Strategic Importance - The partnership aims to leverage the strengths of both companies to meet the needs of the largest fleets in the Asia-Pacific region, enhancing efficiency, reliability, and part availability in MRO services [3][4]. - The joint venture is expected to expand nacelle capabilities and support a broad network of operators, with plans to cover additional engine nacelle types in the future [4].