Airinmar Signs Repair Cycle Management Agreement with Ameriflight, LLC
August 1, 2017
BERKSHIRE, England, August 1, 2017 – Airinmar, a global leader providing intelligent component repair cycle management solutions for commercial and defense customers, has signed a three-year agreement withAmeriflight, LLC, a leading cargo feeder airline based in Dallas, Texas, to fortify its supply chain infrastructure and maximize performance, including repair cycle management and sourcing, and systems support.
“We are delighted that Ameriflight has selected Airinmar to be its industry partner in order to optimize their supply chain performance for scheduled and contracted services operating from their 18 bases to many destinations in the Americas,” said Mike Humphreys, Airinmar President. “Ameriflight will be a great addition to our growing customer base in North America, and we look forward to working closely with them.”
“Airinmar’s services are aligned with Ameriflight’s vision to increase our competitiveness by improving the efficiency of our supply chain,” saidAmeriflight Chief Operating Officer Bill Poerstel. “Our partnership with Airinmar will enable us to streamline our rotable repair process, driving efficiency and cost savings for Ameriflight.”
Ameriflight was founded in 1968 and has grown from a small air charter and cargo service carrier to an international operator and the nation’s largest Part 135 cargo airline. Ameriflight is headquartered in Dallas, TX, and has more than 500 employees including over 100 pilots and over 100 aircraft. Ameriflight provides feeder services for overnight express carriers such as UPS, FedEx, and DHL. The company can be found on the web at ameriflight.comand on Facebook, Instagram, and Twitter at @Ameriflight.
Ameriflight media contact:Jamie Smith, at email@example.com| 214-422-4627.
Airinmar offers a wide range of repair management support services that reduce component repair expenditure. The leading dedicated repair management solutions provider in the world, Airinmar has supported airlines, MROs, OEMs and military operations for more than 30 years through the integration of its proprietary systems, engineering expertise and supply management solutions. Airinmar is a subsidiary of global aviation aftermarket leader AAR’s (NYSE: AIR) Intelligent Solutions.
Airinmar media contact:Lydia Davies, at firstname.lastname@example.org| +44 118 932 4431.
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, 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.