Airinmar Signs 3-Year Repair Management Agreement with CHC Helicopter
June 11, 2015
Expands cost-reduction & operational readiness services into rotorcraft market
BERKSHIRE, England, June 11, 2015 – Airinmar, a leading provider of innovative aviation repair management solutions, has signed a three-year agreement with CHC Helicopters to manage component repairs for its fleet of over 200 helicopters.
Airinmar has supported airlines, MROs, OEMs and military operations for over 25 years through integration of its proprietary systems, engineering expertise and supply management solutions. By signing this agreement, Airinmar will expand its service offerings to include the rotorcraft market.
“Airinmar’s services are aligned with CHC’s vision to increase our competitiveness by improving the efficiency of our supply chain. Our partnership with Airinmar will enable us to further reduce costs, accelerate component repairs turn-times, and increase the readiness of our fleet,” said Michael Lorenzini, Vice President, Supply Chain, of CHC Helicopter.
“We are excited that CHC has decided to implement Airinmar’s full suite of repair management services,” said Tom Wilson, Airinmar’s President. “Our services complement, enhance and integrate seamlessly with our customers’ existing supply chain operations. We are delighted to add CHC to our growing list of customers, and we look forward to expanding our services into the rotorcraft market.”
Airinmar, an independent subsidiary of global aerospace and defense contractor AAR, is the leading provider of innovative repair management services designed to reduce component repair costs and turn-around-times. More information about Airinmar can be found at www.airinmar.com.
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, 2014. 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.