AAR Corporation officially starts business development in Russia

14 June 2013
The total amount of investment is more than 2,5 bln rub. AAR Corporation creates the largest and most modern Center for maintenance of aircrafts such as Boeing and Airbus.

On the 14th of June Chairman of the Board of Directors of the AAR Corporation David Storch and Russian investor Muharbek Aushev have signed the Declaration, according to which “AAR Russia Limited”, a joint venture between AAR Corporation and Mr. Aushev, will be an investor and owner of the Russian company operator of the SEZ project “AAR Rus”.

Total investment in the joint venture will be more than 2.5 billion rubles, and the first aircraft will be able to get service in mid-2015. The Russian Center in SEZ provides for the establishment of hangar complex of about 20 thousand square meters that is able to operate virtually all types of foreign aircraft, including Boeing 777, Airbus 747 and 340.

Implementation of basic service overhaul can be performed simultaneously for 8 single-aisle or 2 wide-body aircraft. At the enterprise employing over 600 people, the 1MRO system, which is common to all the centers of AAR Corporation in the world, will be introduced, ensuring the highest standards of service.

Also, the stock of aircraft spares parts and components can be used both for internal companies and for the supply of other Russian MRO providers and airlines.

The Special Economic Zone “Ulyanovsk Vostochny” is chosen for the realization of the AAR project. The SEZ was created on the basis of cognominal international airport. Implementation of the project in Ulyanovsk will not only provide access to unique infrastructure, but also get significant tax and customs preferences of a SEZ resident. "AAP Rus" Ltd. was given the status of a resident PSEZ last year, and it is currently finishing the design work for constructing a logistics terminal.

Mikhail Trushko, CEO of RUSSEZ:

 “The port SEZ “Ulyanovks” creates a comfortable environment for conducting business. We want to see competitive enterprises among the investors of SEZ, introducing new technologies and progressive competencies in the country's economy. The project of the world leader in technical equipment AAR Corporation fully matches our expectations. Soon, Russia will have modern and competitive global business specialized in aircraft technical services. I would to thank Mr. Storch and Mr. Aushev for highly appreciating the airport SEZ and for their willingness to develop business in Russia.”

All news