AAR Celebrates 50 Years of Component Repair in Amsterdam
October 5, 2017
EXCEL Center - LONDON, October 5, 2017 – AAR (NYSE: AIR), a leading provider of aircraft maintenance and integrated supply chain solutions worldwide,has reached a significant milestone: 50 years providing exceptional component repair work in Europe.The Company made the announcement today at the region’s prestigious industry aggregation, MRO Europe.
In 1967, AAR opened a component repair facility – Allen Airmotive – in Amsterdam, marking the Company’s first international expansion. AAR’s business unit leaders will be available at Booth #335 to speak to MRO Europe attendees about the Company’s global supply chain network, including the hub in Brussels that provides AOG and power-by-the-hour support for airlines in Europe, the Middle East and Africa; Airinmar, an inventory support and repair management subsidiary based in Berkshire, England, and the Aircraft Component Repair facility in Amsterdam.
“Starting with the legacy of Allen Airmotive and Jan Van Den Berg, AAR has had an important position in Amsterdam/Hoofddorp providing component repair to airlines and militaries in the region,” said David P. Storch, AAR Chairman and CEO. “I have always been impressed with the great team and spirit of the Amsterdam employees and am proud of the work we produce and the progress we have made over the years.”
The Amsterdam facility and its employees have consistently received accolades, including being ranked No. 1 among all Component Source of Repair facilities by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO)earlier this year. AAR has received this prestigious recognition three times since 2005.
“I am extremely proud of the support we have been able to provide our customers through our 50 years in Amsterdam,” said Ken Hein, AAR Executive Vice President, Group Operations. “I am looking forward to our team’s ability to provide a quality product to our growing commercial and military customer base for many years to come.”
In 2016, the Aircraft Component Repair facility in Amsterdam underwent a significant renovation that more than doubled the capacity of the previous footprint. The upgrade required hiring additional personnel to work on a longer list of parts and systems. In 2013, AAR Aircraft Component Services – Amsterdam was the first private-sector organization to receive certification from the Military Aviation Authority of the Netherlands (MAA-NLD) for maintenance, a status previously held only by government and defense agencies and service providers.
"Fifty years of innovative, entrepreneurial spirit in a changing environment provides confidence in securing a better future for all employees," said Eric Bron, General Manager of the Amsterdam facility.
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, 2017. 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.