AAR Signs MOU with KAI to Help Develop Commercial MRO in South Korea

AAR and Korea Aerospace Industries (KAI), the largest original equipment manufacturer (OEM) and maintenance, repair and overhaul (MRO) provider for military aerospace customers in Korea, have signed a Memorandum of Understanding (MOU) to work together to establish a commercial aircraft MRO facility in South Korea. AAR’s 1MRO Network, the third largest in the world, will provide its industry-leading best practices in MRO as a consultant to KAI. The two providers are also considering operating the new facility under a joint venture. Under the agreement, AAR and KAI will also focus on growing KAI’s MRO services to third-party customers/airlines. And AAR