AAR Uses Trax Deal To Deepen Paperless Airline Maintenance Role [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. AAR's Trax subsidiary has agreed to supply Magnifica Air with a fully paperless maintenance and engineering operations platform. The deal gives the airline a cloud-based, mobile system for managing maintenance tasks and records from its first day of operations. The agreement underscores AAR's push into digital solutions for airline maintenance and engineering workflows. AAR (NYSE:AIR) is leaning further into digital services through Trax, adding a technology-focused layer to its traditional aviation support business. The company's shares trade at $105.64, with a 1 year return of 55.4% and a 3 year return of 103.7%. This performance indicates that investors have been responsive to its broader business mix, not just core parts and services. The Magnifica Air contract illustrates how AAR can position Trax as a partner for airlines that want paperless maintenance f
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