AAR Launches New PAARTS STORE at MRO Europe
October 4, 2017
Over 1 million new and used parts available online for immediate purchase 24/7
EXCEL Center - LONDON, October 4, 2017 – Global aviation services leader AAR (NYSE: AIR) officially launched today at MRO Europe a new online PAARTS STORE open to existing and new aftermarket customers including operators, MROs, and brokers. The new 2.0 look and functionality is being demonstrated by AAR’s Digital Services team at Booth # 335.
PAARTS STORE 2.0 provides 24/7 visibility of the more than 1 million commercial aviation parts in AAR’s inventory, one of the largest and broadest in the aftermarket industry. So in addition to the OEM factory-new parts previously listed, visitors now have real-time access to AAR’s extensive stock of overhauled, serviceable, and repairable airframe and engine parts for almost every commercial aircraft platform. Full documentation including trace and certification is available to registered customers, as is the ability to instantly purchase or negotiate RFQs online.
“The new functionality means that customers no longer have to wait on emails and faxes to verify that a component is certified or airworthy – it’s a faster one-stop shop,” said Andy Schmidt, Senior Vice President, Intelligent Solutions, AAR. “This self-service option turns what has been a clunky B2B transaction into a seamless B2C experience.”
Once an order is placed, users can track shipping, including same-day option, and view order history. Customers can access AAR’s PAARTS STORE via our website or directly at shop.aarcorp.com.
“We are excited to expand the accessibility of our parts to new customers and make it easier for existing customers to submit RFQs and access documentation,” said Sal Marino, Senior Vice President, Parts Supply, AAR. “AAR has been a leader in parts trading for more than 60 years, and we are now taking our extensive aftermarket inventory into the digital realm.”
Since AAR started promoting its online parts store 1.0 last spring, the Company has attracted new customers, and the daily searches, conversions, orders and revenues have progressively increased. The 2.0 version that just went live takes the store to the next level with the largest inventory of new and used parts in the industry, as well as a sleek new look and functionality.
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 firstname.lastname@example.org 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.