AAR’s Lake Charles MRO Facility Lands Substantial New Contracts
September 22, 2014
Latest addition to 1MRO Network is at capacity for large wide-body aircraft
LAKE CHARLES, Louisiana, September 22, 2014 – AAR (NYSE: AIR) announces that it has secured multiple contracts for work to be done at its newest maintenance, repair and overhaul (MRO) facility in Lake Charles. These contracts represent a major milestone for the repair station, including agreements with two major U.S. carriers, since AAR began operations at this location a year ago.
With these commitments, AAR’s Lake Charles MRO has begun supporting a customer mix of major U.S. carriers, leasing institutions and VIP operators covering a broad range of wide-body aircraft to include the Airbus 330 and 340, and Boeing 767 and 777 platforms. Program work scopes include heavy maintenance checks, interior modifications, and IFE system upgrades and modifications.
The recent uptick in program awards for Lake Charles MRO is well timed as AAR just opened a sixth hangar at Chennault International Airport. At 118,000 square feet, the new hangar expands AAR’s capacity to accept wide-body work. AAR provides a full range of services, from scheduled maintenance and structural repairs to re-engineering aircraft interiors. The two large wide-body spots inside the new hangar are already committed through the first half of 2015.
“To welcome our first major customers while gearing up for this expansion makes it an exciting time for Lake Charles and AAR’s 1MRO Network as we increase our wide-body capabilities to accommodate the increasing demand in North America,” said Dany Kleiman, Vice President, Operations, AAR Aircraft Services. “Commercial and private carriers appreciate the breadth of services that AAR can provide at our newest MRO facility, and the timing of our new hangar has turned out to be ideal.”
AAR now occupies a total of six hangers at Chennault for a total of 638,000 square feet. The new hangar will be large enough to accommodate not only the largest airplanes in service undergoing heavy checks today but also the new generation of aircraft, including the Airbus A380 and Boeing 747-8.
The Lake Charles repair center is the newest addition to AAR’s nationwide 1MRO Network, which also includes facilities in Indianapolis, Miami, Oklahoma City, Duluth, Minn., and Hot Springs, Ark. AAR’s 1MRO approach provides customers with access to integrated repair, engineering, IT, parts services and increased flexibility from multiple locations throughout the country. Aviation customers have voted AAR ATE&M’s Best Airframe MRO Provider in the Americas and, by size, AAR is the No. 1 provider of MRO services in North America and one of the top three in the world, according to industry rankings.
AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Kathleen Cantillon at Kathleen.Cantillon@aarcorp.com | 630-227-2081 or email: email@example.com
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2016. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.