India, Sept. 29 -- Shares of AAR CORP. (AIR) were gaining around 4.3% in the pre-market activity on the NYSE after the aviation solutions company issued positive second-quarter outlook and updated fiscal 2027 view after reporting higher first-quarter results.
Separately, AAR announced it has entered into a definitive agreement to acquire a 65% stake in MRO Holdings, an aircraft maintenance, repair and overhaul provider, at an implied enterprise value of $4 billion.
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John Holmes, Chairman, President and CEO, said strong demand for air travel is driving demand for AAR's services. He added that the company's first-quarter results, continued demand and the pl...