Aircraft Maintenance Provider AAR Sees Supply Chain Woes Easing; Expects Strong Demand to Continue
AAR, a major provider of maintenance and repair services to airlines worldwide, told investors that industry supply-side constraints are easing but remain problematic. The company, headquartered near Chicago, provided an update during its fiscal fourth quarter earnings call on July 18.
“We feel overall,” said CEO John Holmes, “that the supply chain environment is improving. And so, this should be a better year than last year for turnaround times.” Demand for aircraft maintenance has been strong, Holmes explained, and “our hangars have been mostly full for some time.”
AAR announced earlier in the week that it would expand its Miami airframe maintenance facility, in conjunction with a contract extension it just signed with United. Their agreement, in