AAR To Acquire Aviation Worldwide Services
AAR has signed an agreement to acquire Aviation Worldwide Services (AWS) from Xe Services. AWS provides expeditionary airlift services and aircraft modifications to the U.S. and other government customers. According to a spokesman, the company is acquiring the business as part of its long-term strategy to expand its products, services and capabilities in support of government customers in the U.S. and abroad.
AWS performs engineering and design modifications on rotary-wing aircraft for government customers. Through its operating subsidiaries Presidential Airways and STI Aviation, it also provides fixed-and rotary-wing flight operations, transporting personnel and cargo in support of worldwide U.S. Department of Defense and Department of State deployments. AWS operates a fleet of 58 customized aircraft, of which 17 fixed-wing and 21 rotary-wing aircraft are currently deployed and 20 rotary-wing aircraft are available for future deployment. The purchase price of the acquisition is reported to be $200 million.