AAR to Showcase its Global Capabilities at AvWeek’s MRO Europe 2014
October 1, 2014
Company executives featured on panels about extending the lifecycle of aircraft and supply-chain solutions that reduce costs and increase efficiencies
WOOD DALE, Illinois, October 1, 2014 – AAR, a global leader in aircraft maintenance, cargo and supply chain solutions to the world’s airlines, will showcase its total support capabilities at Aviation Week’s MRO Europe 2014 Conference, October 7-9.
Executives from AAR’s business segments in London, Paris, Chicago and Singapore will be available at Booth #578. Reporters and editors are encouraged to stop by or schedule interviews in advance to learn more about AAR’s single-source, comprehensive offerings for commercial airlines, which include wheels and brakes, landing gear and component repair services, aerostructures and interiors, and supply chain management. AAR’s advanced, lightweight cargo containers and pallets are used by nearly every airline in the world, with market-leading fuel and weight savings provided by its European subsidiaries, Nordisk (Norway) and Telair (Germany).
New Supply Chain Hub in Europe
In May, AAR opened a new 24/7 facility at the Brussels Airport where it provides power-by-the-hour support for 13 new customers and AOG and other parts requirements for customers in Europe, as well as the expanding markets in the Middle East and Africa. For example, the new hub is being used to support AAR’s recently announced five-year contract with Kenya Airways. In recent years, AAR has increased its global supply chain infrastructure, which also includes operations in Chicago, Singapore, Indianapolis, and Toronto.
Exclusive Distributor of Eaton Parts
AAR’s MRO Europe booth will feature a display of Eaton parts now being distributed exclusively by AAR under a new 10-year agreement that goes into effect October 8.
AAR executives will be participating in the following panel discussions at the conference on October 8:
10:15 a.m. -- Peter Chapman, Chief Commercial Officer, will participate in the panel “MRO for Aging Aircraft.” The session will examine what airlines need to do to prolong the lifecycle of their aircraft rather than purchase new planes.
11:30 a.m. -- Carl Glover, Vice President of Sales, Aviation Supply Chain, will join the session, “Latest Trends in Supply Chain Management.” The discussion will focus on how companies can transform their supply chain processes to reduce costs, streamline workflows and improve efficiency.
“Every day, our job is to keep planes flying safely and reliably. But the breadth of our services has allowed us to go further, adding value with built-in efficiencies that save airlines money without compromising quality,” Chapman said. “We are always looking for new ways to innovate and to stay close to the customer to provide for faster, more reliable service.”
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, 2014. 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.