AAR and FTAI Aviation extend their exclusive Serviceable Engine Products agreement, providing CFM56 engine material to the global aviation aftermarket through 2030

Core Points - AAR CORP. has extended its exclusive Serviceable Engine Products agreement with FTAI Aviation Ltd. for CFM56 used serviceable material collaboration through 2030 [1][5] - The collaboration has made USM inventory available to the global aviation aftermarket, with AAR managing the teardown, repair, marketing, and sales of spare parts from FTAI's CFM56 engine pool, which consists of over 450 engines [2][4] - AAR has expanded its Component Services footprint by acquiring five additional global component repair facilities since the original agreement in 2020, enhancing its capabilities in maintenance, repair, and overhaul [4] Company Overview - AAR is a global aerospace and defense aftermarket solutions company operating in over 20 countries, supporting commercial and government customers through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [6] - FTAI Aviation focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and provides cost savings and flexibility to its customer base through its proprietary products and services [7]