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AAR entered a definitive agreement to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, adding over $1 billion in revenue.
AAR agreed to acquire a 65% controlling interest in aircraft maintenance company MRO Holdings for about $1.8 billion, strengthening its maintenance, repair and overhaul footprint.
TechOps will expand its aircraft maintenance, repair and overhaul (MRO) facility at Querétaro International Airport in Mexico, adding four new production lines and a hangar for Airbus A320 maintenance. The project is expected to create 320 direct jobs and 550 indirect jobs in the short term.