USA-based maintenance firm AAR has signed a letter of intent to establish a commercial aircraft maintenance centre in Ulyanovsk, Russia.
The first phase of the project would be to open an aircraft parts and distribution centre by mid-2014, followed by a maintenance facility, which would open in 2015.
"Our long-term growth strategy continues to address what is clearly a global opportunity for value-added aviation services," said David Storch, chairman and chief executive officer of AAR. "With this agreement, AAR will extend its superior value proposition into this rapidly growing, yet significantly underserved market in Russia and eastern Europe."
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