AAR Bolsters International Team
April 4, 2016
Global aviation leader adds critical links to its supply chain in Europe and beyond
WOOD DALE, Illinois, April 4, 2016 – AAR (NYSE: AIR) has fortified its supply chain service offerings with the appointment of Deepak Sharma as President of International Supply Chain. Sharma is leading a newly assembled international team based in Gatwick, England, United Kingdom to power AAR’s global expansion.
Sharma brings 20 years of industry experience driving revenue growth in diverse roles and challenging markets. Before he joined AAR in 2015, Sharma worked as Chief Technical Officer at AJW Group and, earlier, as Director of Engineering at UK International Airlines. Key players on his team include:
Colin Craig, a 35-year industry veteran, started his career with FLS Aerospace, based at Stansted Airport in the UK, in the Component Management Group, where he fulfilled a number of managerial roles. With SR Technics UK, he moved up to Vice President, Account Management, for the Component Services business. He also served on SR Technics’ senior leadership team, including as a board member of SR Technics Spain and Accountable Manager for the UK businesses. Most recently Craig was Director of Contract Services and Commercial Director at AJW Aviation, responsible for growth of the contracted and power-by-the-hour (PBH) business.
Nick Price, a 20-year industry veteran, also started his career with FLS Aerospace at Stansted Airport in the Component Management Group. He fulfilled a number of roles based on PBH support programs, loans, sales and exchanges and priority support. With SR Technics UK, he moved up to Head of Customer Services for the Component Services business and was part of the senior leadership team. In 2010, Nick moved to AJW Aviation as Director of Contract Services in charge of the PBH customer base. Later, he took on the role of Director of Strategic Operations. He was also the Chair of the senior management team responsible for delivering various internal and customer facing improvement projects.
“The international supply chain team is committed to delivering exceptional service and proactive understanding of demand,” Sharma said. “Equally important, AAR is equipping us to do so.”
AAR ranks among the world’s leading providers of aftermarket aircraft parts and inventory support, as well as new OEM components. AAR is one of the largest providers of air-on-ground (AOG) service and PBH support for airlines worldwide with more than 800 aircraft under management. AAR serves customers in more than 100 countries from sales and service locations in Singapore, Japan, China, Abu Dhabi and Australia, as well as the U.S., UK, France and Germany, so customers get the right part at the right time.
AAR continues to invest in inventory to support its large and growing customer base, with an emphasis on modern airframe and engine platforms. The Company integrates cutting-edge technology into its proprietary inventory management platform, which uses demand-forecasting algorithms so that AAR stocks the right parts at the right place at the right time, with real-time visibility for operators.
“We soon will debut mobile apps to make it even easier for our customers to access our parts inventory,” Sharma said. “I am proud to work for a trusted Company that has the vision and the means to not only update its offerings, but also to extend its global reach. AAR does it right.”
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, 2015. 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.