AAR Launches New Rotorcraft Services Business
February 24, 2016
Aftermarket leader leverages operations and parts supply expertise to serve helicopters
WOOD DALE, Illinois, February 24, 2016 – AAR (NYSE: AIR), a global aerospace and defense contractor that provides industry-leading aviation services to the world’s airlines, governments and OEMs, now offers a broad range of aftermarket support services for helicopter operators, including parts sales, engineering, and total life-cycle support programs, under its new Rotorcraft Services business division.
AAR officially launched the new business unit leading up to the Heli-Expo show March 1-3 in Louisville, KY, where its executives will be on hand at Booth 2604 to speak to reporters and prospective customers about AAR’s Rotorcraft Services capabilities and expertise.
With Rotorcraft Services, AAR leverages AAR Airlift’s experience operating and maintaining rotorcraft in expeditionary environments, as well as the Company’s aircraft maintenance, repair and overhaul (MRO) capabilities, global supply chain network and modification expertise to offer similar services to rotorcraft customers.
AAR’s Airlift Group has owned, operated and maintained its own fleet of fixed- and rotor-wing aircraft for more than 10 years. In fact, AAR Airlift is one of the largest independent providers of expeditionary airlift services in the world, providing mission-critical transport of people and supplies in austere environments such as Afghanistan, the Falkland Islands, Africa, and at sea in the Mediterranean and Western Pacific. AAR Airlift Group has operated the Sikorsky S-92 and S-61N, Bell 214ST and 412, Airbus 330J Puma, and Finmeccanica AW-189 airframes in remote locations, and offers its customers the benefit of this operational and sustainment expertise.
In addition to benefiting from Airlift’s operations experience, rotor-wing operators can now access the full range of services that AAR provides to fixed-wing customers in more than 100 countries including parts sales and procurement; aircraft leasing and resale; aircraft evaluation; new and used parts sales; parting out of legacy aircraft; component repair; engineering services; aircraft modifications; field maintenance; and comprehensive support programs. This includes a new product line in its trading business focused on component sales, OEM distribution, repair management and asset trading for rotorcraft. Already underway through its Airinmar subsidiary, AAR manages component repair for CHC’s fleet of more than 200 helicopters.
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.