AAR Corp. announced that its 100 per cent owned subsidiary, Telair International has signed a definitive agreement to purchase the cargo loading system assets of Speyer, Germany-based PFW Aerospace. AAR said the acquisition will enhance Telair’s market position as one of the leading suppliers globally of cargo loading and baggage handling systems. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany facility.
Telair, based in Miesbach, Germany, is a leader in the design, manufacture and support of cargo loading systems for wide-body and narrow-body aircraft with established positions on the world’s most popular current and next-generation passenger and freighter models. Telair provides standard container-based systems for A330/340 aircraft types, B747-800, as well as the future A350. In addition, the business manufactures systems and components for the B737 and A320 families of aircraft, and for converted B767-300s and B747-400s.