AAR Opens Parts Warehouse in Dubai
February 9, 2017
New inventory hub reduces lead times for regional operators and MROs
WOOD DALE, Illinois, February 9, 2017 – AAR (NYSE: AIR), an independent provider of aviation services to airlines, original equipment manufacturers (OEMs) and MROs worldwide, has opened a parts warehouse at Dubai World Central (DWC) Airport. The supply chain hub closes the gap between essential aircraft components and the growing list of commercial and regional carriers operating in the Middle East.
AAR leverages its partnerships with industry-leading OEMs such as Eaton, Unison, UTAS, Meggitt and Lord to stock the warehouse with a wide array of factory-new aircraft components that are powering aircraft in the Middle East today. So when an operator has an aircraft on the ground, they can now get the needed part quickly.
“We recognized a need in the region to improve support and reduce lead times for customers and to help our OEM partners better serve local operators while reducing their overhead burden,” said Paul Richardson, AAR Vice President of Sales, Europe, Middle East and Africa.
The warehouse is a natural extension of AAR’s growing presence in the Middle East. AAR has a dedicated sales team based in the World Trade Center in Abu Dhabi and has expanded its supply chain and Airlift offerings in the region where both military and commercial aviation activity is growing. AAR recently signed a multimillion-dollar contract to provide power-by-the-hour (PBH) component inventory management and repair services to the expanding airline flydubai. On the government side, AAR provides tip-to-tail Contractor Logistics Support (CLS) for the Afghan C-130 fleet.
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, 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.