AAR Corp. announced an agreement to acquire Miami-based third-party maintenance, repair and overhaul provider Avborne Heavy Maintenance "and a related entity" from AHM Holding Corp. Price of the sale was not disclosed.

Avborne operates a 226,000-sq.-ft. hangar at Miami International capable of simultaneously accommodating up to three widebody aircraft or nine narrowbodies. It performs heavy maintenance on most types of Airbus and Boeing aircraft.

The deal is expected to close by the May 31 end of AAR's 2008 fiscal year. It currently operates MRO facilities in Oklahoma City, Hot Springs, Ark., and Indianapolis. The last was acquired after United Airlines abandoned the facility during its bankruptcy reorganization.