AAR Opens New Supply Chain Hub in China
July 13, 2017
Shanghai warehouse enhances customer support for AAR’s customers in China
WOOD DALE, Illinois, July 13, 2017 – AAR (NYSE: AIR), an independent provider of aviation services to airlines, original equipment manufacturers (OEMs) and MROs worldwide, has opened a parts warehouse in Shanghai. The new supply chain hub was established to expedite the delivery of crucial aircraft components to operators and MROs in China.
Eric Young, Senior Vice President of AAR OEM Aftermarket Solutions, said, “China is forecast to be the fastest growing aviation market in the world. As a result, serving and capturing aftermarket opportunities in the Chinese market is of the highest priority for our commercial OEM partners. This new Shanghai warehouse will enhance the service we provide customers in China and, in turn, improve our ability to execute China growth strategies jointly developed with our OEM partners.”
AAR’s Shanghai warehouse will stock factory-new airframe and engine components from OEMs including Eaton, Unison, UTAS, Meggitt and Lord, fulfilling the needs of just about every type of aircraft operating in China today. This new China facility follows the recent opening of AAR’s Dubai warehouse. These two new additions to the Company’s global supply-chain network are a reflection of AAR’s focus on serving OEM partners’ aftermarket needs and goals.
AAR is a global aerospace and defense aftermarket solutions company that employs 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 and Composite Manufacturing 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 the estimated contract value. 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 and the Company’s Form 10-Q for the fiscal quarter ended February 29, 2020. 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.