AAR To Provide Aircraft Remarketing Services For United Airlines

AAR (NYSE: AIR) announced today that it has been selected by United Airlines to remarket and provide technical advisory services for United’s fleet of wholly owned Boeing 737 aircraft, which the company has previously announced will be retired from service. Under the terms of the agreement, AAR will assist United in placing its 737s with operators around the world - with a focus on operators outside the US - looking to upgrade or expand their fleets. The aircraft are available immediately.

“We will use AAR’s global reach and resources to identify carriers that would benefit from adding high-quality 737s to their fleets in markets where demand is more robust or growing,” said John Johnson, Vice President, AAR Aircraft Sales and Leasing. “Over the years, AAR has developed a broad network of customers for this aircraft type through our leasing activities, as well as our supply chain, maintenance and engineering services and support.”

Through its Aircraft Sales and Leasing segment, AAR helps customers improve their liquidity by turning surplus assets into working capital. AAR Aircraft Sales and Leasing provides a broad range of technical services including aircraft evaluation, lease return condition analysis, aircraft and engine records management, aircraft preparation and asset management.