AAR Signs PBH Contract with Allegiant Air
January 9, 2017
Agreement to enhance airline’s supply chain and operational efficiencies
WOOD DALE, Illinois, January 9, 2017 – AAR (NYSE: AIR) has further strengthened its portfolio of North American PBH customers with the addition of Allegiant Air. AAR will provide repair-by-the-hour integrated component services to Allegiant’s fleet of A320 aircraft. Allegiant currently operates 36 A320 aircraft and plans to expand to more than 100 aircraft during the term of the agreement.
Allegiant is a low-cost, leisure travel carrier connecting America’s favorite small cities to world-class destinations, with an aggressive growth plan and strong financial backing.
“As Allegiant grows our fleet and footprint throughout the U.S., we have selected a partner who has equally strong technical expertise to help us deliver world-class service. For this reason, we selected AAR as our prime supplier for the latest aircraft type in our fleet,” said Kurt Carpenter, Vice President for Maintenance and Engineering, Allegiant.
“Leisure travel carriers thrive by staying nimble and keeping planes in the air. AAR’s partnership with Allegiant will add efficiency to the supply chain and enhance Allegiant’s service to its passengers,” said John Holmes, Chief Operating Officer, Aviation Services, AAR. “We are proud to be chosen by Allegiant and consider it a testament to our industry-leading Integrated Supply Chain Solutions worldwide.”
Holmes continued, “AAR’s flexibility and willingness to understand a customer’s operational needs is what sets us apart. We are confident that this is a win-win relationship for both companies.”
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF.
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, 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.