AAR’s Nordisk Receives Orders for Nearly 400 ULDs for Xiamen Airlines’ B787s
September 9, 2014
Lightweight containers provide substantial fuel and emissions reductions
Hong Kong, September 9, 2014 — AAR’s Nordisk Aviation Products announces it has received orders for nearly 400 lightweight air cargo containers and pallets from Xiamen Airlines for its first Boeing 787-8 aircraft. Nordisk ULDs are the lightest weight in the industry, and will save the airline, which is based in the Fujian Province of China, a minimum 350 tons of fuel a year and reduce CO2 emissions by more than 1,200 tons.
“We are excited to receive orders from Xiamen Airlines to support the operation of its first 787 Dreamliner by providing significant fuel savings and environmental benefits,” 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 significant investments in research, design and product engineering. We have led the industry in designing the most technologically advanced, lightweight Unit Load Devices that provide operators with high-strength, lower-weight alternatives to traditional ULD products.”
Nordisk’s Lite product line includes the Nordisk UltraLite, the world’s first certified LD3 container with a standard configuration weighing only 55 kg; the Nordisk TwinLite; and the Nordisk AluLite. All offer significant weight and fuel savings.
Nordisk is a global ULD brand focused on making cargo transport more safe and efficient. Nordisk offers products with excellent strength-to-weight performance, high reliability, and low total cost of ownership. With close to 700,000 ULDs sold in the global aviation markets, Nordisk ULDs are used by virtually every airline operating wide-bodied aircraft, enabling vast amounts of cargo and baggage to be transported safely and securely. Nordisk Aviation Products is a subsidiary of aviation industry leader AAR.
AAR, through its Telair and Nordisk subsidiaries, is the premier designer and manufacturer of advanced cargo loading systems, ULDs and aftermarket services for the world’s airlines and OEMs.
About Nordisk Aviation Products
A subsidiary of aviation industry leader AAR CORP., Nordisk Aviation Products designs, manufactures and sells air cargo containers and pallets, also known as Unit Load Devices (ULD), to the global commercial aviation industry. Nordisk, established in Norway in 1970, has production facilities in Norway, China and the United States and has spare parts warehousing and sales offices across Europe, Asia and the United States. 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. 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 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, 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.