AAR’s Nordisk to Provide Fuel-Saving Unit Load Devices to China Southern Airlines
May 28, 2014
Lightweight ULDs to reduce emissions while providing safe, reliable cargo transport
HONG KONG, May 28, 2014 — AAR’s Nordisk Aviation Products announces it has received orders for more than 1,100 lightweight air cargo containers and pallets from China Southern Airlines. Nordisk’s Unit Load Devices (ULDs), among the lightest-weight in the industry, will provide the airline fuel savings of more than 1,100 tons of fuel a year, reducing carbon emissions by more than 3,500 tons. The containers and pallets will be manufactured at Nordisk’s facility in Kunshan, China, for shorter delivery lead times to the customer.
“We are pleased to provide China Southern Airlines with fuel-efficient, lightweight containers and pallets that, in addition to protecting the environment, help to enhance the safe and reliable transport of passenger cargo,” said Boon Yang Sim, Nordisk's Vice President of Sales and Business Development, Asia Pacific and People’s Republic of China.
Nordisk is the leading industry supplier of air cargo containers and pallets, having delivered more than 680,000 units to the global markets over the past 40 years.
AAR (NYSE: AIR), with 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 certified container in the industry, to a patented Sliding Carpet® baggage loading system to specialized pallets, 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 aviation industry leader AAR CORP., Nordisk Aviation Products designs, manufactures and sells air cargo containers and pallets 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-body aircraft in the world, enabling their valuable cargo and baggage to be transported safely and securely. For more information, visit www.nordisk-aviation.com or call +852-2107 6668.
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at email@example.com or +1 630-227-5100.
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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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, 2013. 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.