Core Insights - AAR CORP. has been selected by Thai Airways to facilitate the airline's digital MRO transformation through partnerships with Trax and Aerostrat [1][6] Group 1: Digital Transformation - Trax's eMRO enterprise resource planning system and suite of eMobility apps will modernize Thai Airways' maintenance, repair, and overhaul processes, allowing for real-time data access and improved decision-making [2] - The integration of Aerostrat's advanced maintenance planning software, Aerros, will enhance Thai Airways' capabilities in long-range maintenance forecasting and optimization, ensuring fleet availability and cost efficiency [3] Group 2: Operational Improvements - The implementation of digital solutions from Trax and Aerostrat will provide scalability, security, and flexibility to Thai Airways' maintenance operations, improving turnaround times and reducing reliance on paper-based systems [4] - The partnership is expected to elevate Thai Airways' operational performance and establish a state-of-the-art MRO operation that meets global standards [6] Group 3: Company Background - AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries, supporting commercial and government customers through various segments [5] - Trax has over 25 years of experience in powering digital transformation for airlines and MROs, focusing on automating and modernizing maintenance operations [7] - Aerostrat, founded in 2015, specializes in maintenance planning and scheduling, providing tools that automate complex scheduling for air carriers [8] - Thai Airways aims to transform its MRO department into a world-class Digital MRO, enhancing transparency and efficiency in operations [9]

Core Viewpoint - AAR CORP. has acquired Aerostrat for $15 million, with potential contingent consideration of up to $5 million, enhancing AAR's software offerings and ERP capabilities through its Trax subsidiary [1][4]. Company Overview - AAR CORP. is a leading provider of aviation services, operating in over 20 countries and supporting both commercial and government customers through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [5]. - Aerostrat, founded in 2015, specializes in long-range aviation maintenance planning software, with its flagship tool Aerros supporting over 5,000 aircraft [2][7]. - Trax, a wholly-owned subsidiary of AAR, offers mobile and cloud products for aviation maintenance, focusing on digital solutions and real-time information access [6]. Acquisition Details - The acquisition of Aerostrat is expected to create opportunities for integration and expansion of services for both Trax and Aerostrat customers [3][4]. - Aerros will be integrated into the Trax suite of products while remaining available separately for use on various ERP platforms [3]. Strategic Implications - The acquisition aligns with AAR's strategy to advance next-generation maintenance products and services, enhancing the capabilities of both companies [4].