AAR Signs Component Support Agreement with Wataniya Airways
June 26, 2017
Agreement to enhance airline’s services and operational efficiencies
WOOD DALE, Illinois, June 26, 2017 – AAR (NYSE: AIR) announces the latest expansion of its commercial business in the Middle East: A multiyear contract to provide power-by-the-hour component support for Wataniya Airways, one of the national carriers for the state of Kuwait. AAR will support Wataniya’s fleet of Airbus A320 aircraft through its extensive inventory network, including parts warehouses in Dubai and Europe, and position local stock in Kuwait.
“With significant component stock in the Middle East, AAR is well-positioned to support Wataniya Airways and its plans for rapid expansion to more than 30 destinations in the first two years of operation,” said Deepak Sharma, President, AAR International Supply Chain. “We are pleased that Wataniya chose AAR for our experience and knowledge in the industry that will not only assist in their startup phase but also will facilitate a long-term partnership.”
“As Wataniya Airways prepares to launch, we are delighted to gain a trusted partner like AAR with a proven track record in the aviation aftermarket, providing a total support solution to ensure we meet our customers’ expectations and maintain the highest levels of quality, reliability and safety,” says Mr. Ali Alfouzan, Chairman, Wataniya Airways.
Based in Kuwait, Wataniya Airways will operate flights from Kuwait throughout the Middle East, Asia, North Africa and Europe.
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.
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