AAR to Showcase Supply Chain Innovation at MRO Europe
October 12, 2015
Company executives to share expertise on panels about supply chain solutions and optimizing inventory management and repair
LONDON, October 12, 2015 – AAR, an industry-leading provider of aviation services to commercial airlines, OEMs and governments will showcase its supply chain and component repair operations based in Europe, as well as its award-winning MRO network, during Aviation Week’s 2015 MRO Europe conference October 13-15.
AAR in Europe
AAR’s business unit leaders will be available at Booth #526 to speak to reporters and customers about the Company’s global supply chain network, including the newest hub in Brussels that provides AOG and power-by-the-hour support for airlines in Europe, the Middle East and Africa.
AAR’s supply chain services include a component repair facility in Amsterdam and Airinmar, an inventory support and repair management subsidiary based in Berkshire, England. Airinmar recently signed a three-year deal with ExpressJet, a subsidiary of SkyWest Inc., to manage component repairs for its fleet of more than 300 regional aircraft. AAR also has entered an agreement with MTU Maintenance, one of the top five engine MRO service providers worldwide, to supply used material for PW2000 engines over the next five years from its facility in Hannover, Germany, to streamline and improve turn times for shop visits.
AAR’s other supply chain hubs are located in Chicago and Singapore. The Company serves customers in more than 100 countries from sales and service locations in the U.S., UK, France, Germany, Singapore, Japan, China, Australia and Abu Dhabi.
Reporters and editors are encouraged to stop by or schedule interviews in advance to learn more about AAR’s future outlook and 60 years of serving the aviation aftermarket. AAR recently sold off its cargo business earlier to focus on its industry-leading aviation services. The subsequent integration of its MRO and supply chain groups under its Aviation Services segment will allow AAR to provide customers even more value with a full menu of offerings from a single source, as well as bundled solutions for total support.
AAR executives will be participating in the following panel discussions:
On October 14:
Paul Richardson, Vice President, Supply Chain, and head of AAR’s European office, will participate in the panel "Engineering and Maintenance: Leveraging the Surplus Market to Reduce Costs" at 10:15 a.m., which explores parting out solutions and what types of business models airlines have in place.
Then at 10:45 a.m., AAR’s Andy Schmidt, Senior Vice President, Supply Chain, will join "Supply Chain and Logistics: Effective and Efficient Inventory Strategies." Panelists will discuss inventory management solutions and optimization, and assess airlines’ overall management of inventory and repair against total care programs.
AAR executives in charge of operations in the U.S., Paris, and the UK will be in attendance:
Paul Richardson, Vice President and General Manager, Supply Chain, EMEA (London)
Chris Jessup, Chief Commercial Officer, Aviation Services Group (U.S.)
Pascal Parant, Vice President of Marketing (Paris)
Sal Marino, Senior Vice President, Parts Supply
Supply Chain Services
AAR’s Supply Chain group ranks among the world’s leading providers of aftermarket aircraft parts and inventory support, as well as a distributor of new OEM components including exclusives with Eaton and Unison. AAR maintains an extensive inventory of airframe and engine parts, and is one of the largest providers of power-by-the-hour component support including inventory and repair management options through its Airinmar subsidiary in the UK. It supports parts programs through a global network of warehouses so customers get the right part at the right time. AAR also offers a range of high-value, cost-effective engineering services to augment customers’ technical requirements, specializing in interior, structural and systems modifications; avionics upgrades; and supply chain and maintenance program engineering solutions. AAR has extensive experience with supply chain and component repair management for commercial airline and government fleets with more than 800 aircraft under management.
Best Airframe MRO Provider Worldwide
AAR’s 1MRO network is the largest independent MRO in the Americas and the third-largest worldwide. AAR recently won the ATE&M award for Best Airframe MRO Provider Worldwide for the third time in the last four years.
"We focus on meeting customers’ needs by staying flexible enough to customize solutions that add value and provide a competitive advantage," said John Holmes, AAR’s Chief Operating Officer, Aviation Services. "We’re proud of our reputation as an industry leader and are excited to expand our partnerships at MRO 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 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, 2015. 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.