AAR’s Nordisk Helps Turkish Airlines Reduce Fuel Costs
March 10, 2014
Leading international provider of advanced ULDs awarded contract of more than 2,600 lightweight containers for fleet-replacement program
NORWAY — AAR (NYSE: AIR) announced today that its Nordisk Aviation Products subsidiary has begun delivery of more than 2,600 lightweight air-cargo containers to Turkish Airlines. Nordisk’s containers, also known as Unit Load Devices, or ULDs, are used by commercial airlines to efficiently store and transport cargo and luggage.
“Nordisk offers the widest range of ULDs in the industry and has been supporting Turkish Airlines with air-cargo containers and pallets since 1978. We are very pleased to provide products, services and solutions that lower their total cost of ULD ownership, while ensuring safe and reliable cargo handling for their customers,” said Peter Grau, Nordisk's Vice President of Sales — Europe, Middle East and Africa.
The contract for 2,600 containers continues Turkish Airlines’ long-term commitment to improve fuel efficiency through lighter-weight ULDs. In 2013, Nordisk supplied close to 2,000 lightweight air-cargo pallets to Turkish Airlines for its wide-body fleet that includes B777, A330 and A340 aircraft.
Nordisk is the leading industry supplier of air-cargo containers and pallets, having delivered more than 650,000 units to the global markets.
AAR, through its Telair and Nordisk subsidiaries, offers a full line of main-deck and lower-deck cargo systems and a variety of baggage-handling and freight solutions that enable increased payload and fuel savings. From the Nordisk Ultralite®, the lightest-weight containers in the industry, to a patented Sliding Carpet® baggage-loading system to specialized palettes, containers and air mobile shelters, AAR offers products with excellent strength-to-weight performance, high reliability and low total cost of ownership, backed by a global aftermarket support network.
About Nordisk Aviation Products
A subsidiary of $2 billion aviation industry leader AAR CORP., Nordisk Aviation Products designs, manufactures and sells air-cargo containers and pallets, also known as Unit Load Devices (ULD), to the global commercial aviation industry. Nordisk, established in 1970, has production facilities in Norway, China and the United States and has spare-parts warehousing and sales offices across Europe, Asia, and the United States. Nordisk containers and pallets are flown by nearly every airline operating wide-bodied aircraft in the world, enabling their valuable cargo and baggage to be transported safely and securely. For more information, visit www.nordisk-aviation.comwww.nordisk-aviation.com.
AAR is a global aftermarket solutions company that employs more than 6,000 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; engineering services 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, 2018. 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.