AAR and Alaska Airlines announce new digital trial, integration of Airvolution repair cycle management
October 16, 2019
WOOD DALE, Illinois — AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, announces that Alaska Airlines has signed on for a digital trial of Airvolution®, AAR’s innovative cloud-based platform for efficient component repair cycle management.
The two organizations will work closely over the coming months to achieve seamless integration of Airvolution with Alaska Airlines’ existing technology stack and selected supplier base. Incorporating AAR’s expertise in component repair management and digital service integration, this innovative platform enables customers to centralize and gain maximum visibility into their component repair cycle — as well as provides access to AAR’s proprietary analytics and business intelligence capabilities. Through this partnership, Alaska Airlines can expect to improve efficiencies, reduce operational costs, maximize productivity and gain enhanced component availability.
“Alaska Airlines is excited to begin a trial of this advanced component repair system to enhance our efficiency, reduce turnaround times and ensure maximum component availability,” said Justin Neff, Alaska Airlines MD, Engine, Component, Material and Lease Management. “This new partnership reflects the latest stage in an ongoing and successful relationship between our organizations and demonstrates our mutual commitment to efficiency and innovation.”
“We are thrilled to partner with Alaska Airlines to integrate our highly advanced component repair management system, Airvolution, into their supply chain,” said Ken Hein, AAR SVP of Operations. “This cloud-based, streamlined tool provides Alaska Airlines with real-time tracking and complete visibility of their component repair process, along with expert analytics, to transform their business and benefit their bottom line.”
For more information about Airvolution, please click here.
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 firstname.lastname@example.org 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, 2019. 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.