AAR Corp. (AIR) announced a multi-year agreement to provide Cebu Pacific Air with nacelle maintenance, repair, and overhaul services for the airline’s A320 fleet powered by the CFM56-5B engine.

the US-based engine maker. The CFM56 has been the key powerplant for several aircraft programs, including multiple variants of the Boeing 737 and the Airbus A320 families. General Electric was the ...