AAR Lands Contract to Perform Heavy Maintenance for Aeromexico
March 25, 2014
Work already underway on B767 in North America’s largest, independent MRO
INDIANAPOLIS – AAR (NYSE: AIR) announces it has signed a general terms agreement with Aeromexico to provide heavy maintenance, or C checks, on three of the airline’s Boeing 767 aircraft. AAR will perform the work at the Indianapolis Maintenance Center, its largest maintenance, repair and overhaul (MRO) facility in the U.S., located on the Indianapolis airport.
Work has already begun on the first 767; two more aircraft will be delivered in the coming weeks. The contract is the first between AAR and Aeromexico, and expands on the aerospace and defense contractor’s global presence, which includes supply chain, cargo and transport, component repair and inventory management operations in Europe, the Middle East, Africa and Asia.
“We are excited about beginning a new partnership with Aeromexico and proud that they chose the largest independent MRO provider in North America to support their 767 fleet operations,” says Chris Jessup, AAR Senior Vice President of Airframe and Engineering Services.
AAR has been voted among the top MRO providers in the world, with six facilities comprising its 1MRO network in North America.
“At Aeromexico, we look for trusted industry partners to manage and work on our Boeing 767 fleet, and AAR has the experience and capability to deliver high-quality and reliable service,” says Corneel Koster, Aeromexico Chief Operating Officer.
AAR is a global aerospace and defense aftermarket solutions company that employs 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 and Composite Manufacturing 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 the estimated contract value. 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, 2013 and the Company’s Form 10-Q for the fiscal quarter ended February 29, 2020. 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.