AAR COO John Holmes Delivers Keynote at MRO Network Airline, Engineering & Maintenance North America Conference
September 16, 2015
Other AAR thought leaders on panels about turning aftermarket trends into opportunities
CHICAGO, September 16, 2015 – Thought leaders from AAR’s Aviation Services business will convene with some of North America’s leading airlines, OEMs and aftermarket service providers to discuss “Identifying and Exploiting Opportunities in a Mature MRO Market” at the Airline Engine & Maintenance conference September 16-17 at the Gwen Hotel.
AAR is lead sponsor of the forum developed by MRO Network, a media company that gives voice to industry professionals who work for airlines, aircraft MROs, OEMs, aircraft lessors and financiers, suppliers and others in the field. The conference is expected to draw more than 100 industry executives from across the U.S., Canada, Europe, Asia, Africa, the Middle East and the Caribbean.
AAR Chief Operating Officer John Holmes will open the conference with a keynote address Wednesday at 9:40 a.m. Holmes will share his views on topics that will be covered throughout the two-day event, including the impact of lower fuel prices on aircraft retirement; predictive maintenance and IT tools; spare parts surplus and the impact on profitability; increasing passenger expectations and upgrades; and value-added strategies to ensure providers retain and expand their share of the market.
Also Wednesday, at 11:40 a.m. Troy Jonas, Vice President – Repair and Engineering for AAR’s 1MRO Network of five aircraft repair facilities,will participate on the panel “Right-Shoring as the New Outsourcing,” which will explore opportunities for maintenance providers to invest in home-grown facilities with wide-body work returning to North America.
Then, at 2 p.m., Carl Glover, Vice President of AAR’s Engine Group, will be on the panel “The Changing Face of the Spare Parts Market,” a look at the impact of new players in the industry and aircraft retirements on the spare parts market, its competitiveness and profitability.
On Thursday, Kevin Larson, AAR’s Chief Information Officer, who headed up development of the Company’s technology platforms for inventory management and aircraft repair, will participate in the discussion “Advances in MRO IT” at 2:30 p.m.
Other topics to be addressed at the conference include optimizing inventory management; engines – repair or replace; the impact of aircraft leasing on MRO; mature engine management; and how OEMs getting back in the repair business can impact third-party providers.
“Airlines continue to outsource more and more aftermarket services to third-parties, but the emergence of new players in the market, technology and OEMs efforts to increase their share of the aftermarket requires renewed focus on cost-saving strategies and integration of value-add capabilities,” Holmes said. “It’s an exciting time for the North American aviation aftermarket, and I look forward to a robust exchange of ideas with other industry thought leaders.”
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.