AAR Signs Extended PBH Contract with Air Austral
June 22, 2017
Agreement to enhance airline’s services and operational efficiencies
WOOD DALE, Illinois, June 22, 2017 – AAR (NYSE: AIR) has secured an extension of its contract supporting Air Austral’s fleet of B737NG aircraft, which began in 2009.
“The renewal of this PBH contract is a testament to the excellent customer service and flexible component support AAR has provided to Air Austral over the last eight years,” said Nick Price, Senior Vice President, Operations, Commercial Programmes, AAR. “Air Austral is positioned in a geographically challenging location, but AAR’s customer support network works seamlessly with the customer to ensure service levels are exceeded. We look forward to continuing this long-standing relationship.”
“AAR’s successful support to customers such as Air Austral demonstrates our flexibility and willingness to understand each customer’s operational needs, which helps us secure repeat business,” said Deepak Sharma, President, International Supply Chain, AAR.
Based on Reunion Island, Saint Denis and Saint Pierre in the Indian Ocean, Air Austral operates internationally. Its extensive network provides flights within the Indian Ocean, Europe, Asia and Oceania.
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 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 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.