AAR to Perform Heavy Maintenance for Republic Airline
November 27, 2017
4-year agreement covers E170/175 aircraft
WOOD DALE, Illinois, November 27, 2017 – Global aviation services leader AAR (NYSE: AIR) announces it has been selected by Republic Airline Inc. to perform heavy maintenance checks on its fleet of 188 Embraer 170/175 aircraft. This is a four-year agreement.
Work is set to begin in January and will be performed at AAR’s aircraft maintenance, repair and overhaul (MRO) facility in Indianapolis, where Republic is headquartered. With AAR, Republic gains a trusted partner recognized by the industry as the top airframe MRO provider worldwide and the largest in the Americas.
“We are excited to add a new airline to our list of maintenance customers. I have the frequent opportunity to fly Republic in and out of Indianapolis as well as other locations. It is a first-rate airline with clean airplanes, friendly crew and dependable operations. We are thrilled to be able to support Republic from our Indianapolis maintenance facility,” said Troy Jonas, Vice President, Aircraft and Engineering Services, AAR. “We’ve invested in the latest technology and training at our facilities, enabling us to provide the highest level of quality and customer service.”
Republic Airline operates a fleet of 188 Embraer 170/175 aircraft and offers scheduled passenger service with 900 daily flights to 100 cities in 35 U.S. states, Canada, the Caribbean and Central America. The airline provides fixed-fee flights operated under its major airline partner brands of American Eagle, Delta Connection and United Express.
“As Republic continues to provide exemplary operational reliability, optimizing fleet performance and reducing aircraft-on-ground time will be essential to our future business success,” said Dale Cash, Director of Maintenance, Republic Airline. “Given AAR’s proven expertise and its ability to minimize costs and improve efficiencies, we think they are a great partner to handle our heavy maintenance so we can focus on operations and new opportunities to grow our business.”
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, 2017. 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.