AAR Corp. announced that its Trax software platform has been selected by the relaunched Pan Am to manage the airline’s maintenance operations. The deal will deploy Trax’s eMRO platform, a suite of eMobility applications, and cloud hosting services to oversee aircraft maintenance, regulatory compliance, inventory control and operational planning for Pan Am’s Airbus fleet.
The contract positions Trax as the backbone of Pan Am’s maintenance workflow, enabling paperless task execution for flight crews, mechanics and inspectors. By integrating Trax’s eMRO and eMobility tools, Pan Am will gain real‑time data access and automation across its maintenance processes, improving efficiency and reducing downtime for its new fleet of Airbus A320neo and A321neo aircraft.
Strategically, the win expands Trax’s customer base to a high‑profile legacy airline brand, reinforcing AAR’s focus on high‑margin software offerings. The recurring revenue from the contract aligns with AAR’s growth strategy of scaling digital solutions in the commercial aviation aftermarket and signals continued demand for its maintenance‑management platform.
AAR’s financial performance underscores the significance of the deal. For fiscal year 2025, the company reported record sales of $2.8 billion, a 20% year‑over‑year increase, and adjusted diluted EPS of $3.91, up 17%. Adjusted EBITDA margin rose to 11.8% from 10.4% in the prior year. In the first quarter of fiscal year 2026 (ending August 31 2025), AAR reported sales of $740 million, a 12% increase, with adjusted diluted EPS of $1.08, up 27% year‑over‑year, and an adjusted EBITDA margin of 11.7%. The Parts Supply segment drove a 27% sales increase in that quarter, and the acquisition of Aerostrat in Q1 FY2026 further enhanced Trax’s capabilities.
John M. Holmes, AAR’s Chairman, President and CEO, said the Trax win demonstrates the company’s momentum in high‑margin software and its ability to secure major airline contracts. He highlighted the role of acquisitions such as Aerostrat in expanding Trax’s platform and the broader strategy of driving efficiency and margin growth across the business.
The Pan Am contract positions AAR to capture growing demand for digital maintenance solutions, supports its trajectory of expanding software revenue, and reinforces confidence in the company’s high‑margin, recurring‑revenue model.
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