AIR - AAR Cebu Pacific sign CFM56-5B surplus material agreement | Benzinga
WOOD DALE, Ill., March 20, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year agreement to supply surplus material for the CFM56-5B engine to Cebu Pacific.
Under this agreement, AAR will support the 30 CFM56-5B scheduled shop visits Cebu Pacific has planned for the term of the contract.
"Cebu Pacific is proud to partner with AAR to enhance availability of parts and maximize value through the use of surplus material," said Shevantha Weerasekera, Cebu Pacific's Vice President for Engineering and Fleet Management.
"AAR is pleased to grow ...