AAR has agreed to sell its Telair Cargo Group to TransDigm for a purchase price of $725 million. The Telair Cargo Group is comprised of Telair International, Telair US, and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015 and the sale is expected to close in the fourth quarter ending May 31, 2015, subject to regulatory approval. When the sale closes, AAR expects to report a pre-tax gain of approximately $200 million after expenses and fees. AAR further announced its intention to sell its unprofitable Precision Systems

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