Ftai aviation announces agreement with aar for serviceable engine products, a partnership to provide cfm56 engine material to global aviation aftermarket

New york, dec. 03, 2020 (globe newswire) -- fortress transportation and infrastructure investors llc (nyse: ftai) announced an agreement with aar corp. (nyse: air) to create serviceable engine products, an exclusive seven-year cfm56 used serviceable material (“usm”) partnership. the partnership will build usm inventory for the global aviation aftermarket and ftai's own consumption at the module factory™, a dedicated commercial maintenance center focused on modular repair and refurbishment of cfm56-7b and cfm56-5b engines. through its worldwide network, aar will manage the teardown, repair, marketing and sales of spare parts from ftai's cfm56 engine pool totaling over 200 engines and growing. 
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