AAR’s Nordisk Aviation Products to Customize 2,000 Air Cargo Containers to Match Air New Zealand’s Livery
December 15, 2014
Lightweight containers support airline’s branding and save fuel costs
NORWAY, December 15, 2014 — Nordisk Aviation Products announces it has received orders for more than 2,000 Nordisk air cargo containers, whereof 1,200 are Nordisk UltraLite AKEs (LD3) from Air New Zealand, and will customize each one to match the iconic silver fern livery on the airline’s aircraft.
Nordisk has started delivery of the grey and black containers, with completion due by the end of 2015. Nordisk containers are among the lightest-weight in the industry and will significantly reduce the airline’s fuel costs and environmental emissions.
Air New Zealand is the official airline of the New Zealand All Blacks, current holder of the IRB Rugby World Cup.
“We are excited to be selected to supply Air New Zealand’s first customized air cargo containers,” said Boon Yang Sim, Nordisk's Vice President of Sales and Business Development, Asia Pacific and the People’s Republic of China. “A critical component of Nordisk’s success has been a willingness to provide customized product solutions that support our customers’ objectives. We are especially pleased to know that our containers will be used by the New Zealand All Blacks when they travel to England in a year’s time to defend their title.”
Nordisk is a global ULD brand focused on making cargo transport safer and more efficient. With the largest design team in the industry, Nordisk is consistently at the forefront of developing innovative products to meet the ever-changing needs of the global aviation industry. Nordisk containers and pallets are flown by nearly every airline operating wide-bodied aircraft in the world, enabling their valuable cargo and baggage to be transported safely and securely. Nordisk Aviation Products is a subsidiary of aviation industry leader AAR CORP. For more information, visit www.nordisk-aviation.com
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, 2014. 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.