AAR Launches Online Parts Store for New Parts Worldwide
November 16, 2016
Enhanced e-commerce platform offers nearly 100,000 OEM factory-new parts
WOOD DALE, Illinois, November 16, 2016 – AAR (NYSE: AIR), an independent provider of aviation services to airlines, original equipment manufacturers (OEMs) and MROs worldwide, now offers full visibility of its OEM factory-new parts inventory for commercial aircraft via its newly improved Online Parts Store, which is now available worldwide at aarcorp.com and other trusted online marketplaces.
“Providing easy and real-time access to AAR’s OEM factory-new parts inventory expands purchasing solutions for our global customer base of commercial operators and MROs,” said John Holmes, Chief Operating Officer of AAR Aviation Services.
Buyers searching on the enhanced AAR Online Parts Store have the ability to browse nearly 100,000 part numbers. Once registered, Parts Store users also have the benefit of customer pricing and instant purchasing, which saves time by replacing emails, phone calls and physical purchase orders. Once an order is placed, users can track shipping, including same-day option, and view order history for easy repeat orders. Customers can access AAR’s Online Parts Store by visiting aarcorp.com and clicking on the “Parts Store” link in the upper right-hand corner, or directly at parts.aarcorp.com.
To further expand customer access to AAR’s new parts inventory, the Company now lists OEM factory-new parts on trusted online marketplaces such as Aeroxchange, Partsbase and ILS to target specific markets, improve inventory planning, and quickly respond to OEM partner needs and customer inquiries. AAR distributes parts for Unison, Eaton, Meggitt and UTAS, among the more than 30 OEM partners.
“This expanded online sales presence is just one of the aftermarket solutions that AAR provides to our OEM partners,” said Eric Young, Senior Vice President, OEM Aftermarket Solutions. “It also benefits operators by making it easier to access the OEM parts they need worldwide.”
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, 2016. 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.