Airinmar Signs 3-Year Repair Management Agreement with ExpressJet
September 22, 2015
BERKSHIRE, England, September 22, 2015 – Airinmar, a leading provider of innovative aviation repair management solutions, has signed a three-year agreement with ExpressJet, a subsidiary of SkyWest Inc., to manage component repairs for its fleet of more than 300 regional aircraft.
Airinmar has supported airlines, MROs, OEMs and military operations for over 25 years through the integration of its proprietary systems, engineering expertise and supply management solutions.
“Airinmar’s services are aligned with ExpressJet’s vision to increase our competitiveness by improving the efficiency of our supply chain,” said Wade Steel, Chief Commercial Officer of SkyWest Inc. “Our partnership with Airinmar will enable us to further reduce costs, accelerate component repair turn times and increase inventory availability to support our demanding fleet schedules.”
“We are excited that ExpressJet has decided to implement Airinmar’s full suite of repair management services,” said Tom Wilson, President, Airinmar. “Our services complement, enhance and integrate seamlessly with our customers’ existing supply chain operations. We are delighted to add ExpressJet, one of the world’s largest regional airlines, to our growing list of customers, and we look forward to expanding our services further as we integrate with them.”
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 turnaround times. More information can be found at www.airinmar.com.
Airinmar media contact:Lydia Davies, Office: +44 118 932 4431; email: firstname.lastname@example.org.
About ExpressJet Airlines
Headquartered in Atlanta, ExpressJet Airlines, a wholly owned subsidiary of SkyWest, Inc., is the world’s largest regional airline with more than 8,000 aviation professionals, an average of 1,745 daily flights and an all-jet fleet of 332 aircraft. Through capacity purchase agreements, ExpressJet operates as American Eagle, Delta Connection and United Express to serve 192 airports in 41 U.S. states, District of Columbia, Bahamas, Canada, Cayman Islands and Mexico.
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.