AAR Named Preferred Global Distributor for Zodiac Aerospace Water and Waste Product Lines
October 17, 2018
WOOD DALE, Illinois, October 17, 2018 – AAR (NYSE: AIR), a global provider of aviation services, will partner with Zodiac Aerospace to distribute their water and waste product portfolio to the global airline, MRO and supporting markets effective November 1, 2018. Under this agreement, AAR will use analytics to proactively develop opportunities enhancing the success of Zodiac Aerospace’s commercial aerospace customer base. AAR will stock material throughout the Company’s worldwide warehouse network with locations in Chicago, Germany, Dubai, Singapore and Shanghai. AAR’s expertise in inventory management, customer service and AOG support will provide the airline market decreased lead times on Zodiac’s flight critical components.
Pictured standing top left to right: Martin Adnoff, VP Business Development - AAR OEM Solutions and Roman Calvo, Zodiac Product & Marketing Manager.
Seated right to left: Eric Young, SVP of AAR OEM Solutions and Bruno Delile, CEO of Zodiac Aerospace Services.
“Zodiac Aerospace Services and AAR have worked closely for a long time. We are very excited about the potential of the new combined organization and look forward to benefiting from AAR’s global footprint as well as its service to airlines and customers on Zodiac Water & Waste parts,” said Guillaume Bunoz, EVP Product Management, Business Development & Marketing for Zodiac Aerospace Services.
“AAR is excited to partner with Zodiac Aerospace. We expect this agreement to further enhance the customer service offered to customers worldwide, while maximizing sales opportunities for Zodiac Aerospace Services,” said Eric Young, Senior Vice President, OEM Solutions, AAR.
About Zodiac Aerospace & Zodiac Aerospace Services
Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircraft, helicopters and spacecraft. It develops and manufactures state-of-the-art solutions to improve comfort and well-being on board aircraft, and high-technology systems to increase aircraft performance and flight safety. Since February 2018, Zodiac Aerospace is a Safran company.
Zodiac Aerospace Services is the dedicated aftermarket and services organization of the Zodiac Aerospace Group. Committed to deliver the best performance and services, Zodiac Aerospace Services offers a global distribution network of spare parts and components, maintenance of equipment manufactured by the Zodiac Aerospace Group, customized support services for airline operators and dedicated technical support. Based in the United States, Europe, the Middle East, Asia and Australia, Zodiac Aerospace Services provides 24/7 AOG spare services to airlines and operators around the world.
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, 2018. 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.