Airinmar Signs Repair Cycle Management Agreement with Azul Airline
January 29, 2018
BERKSHIRE, England, January 29, 2018 – Airinmar, a global leader in the provision of intelligent component repair cycle management and aircraft warranty solutions for commercial and defense customers, has signed a 3-year agreement with Azul, one of the leading airlines in Brazil, to enhance its supply chain management and performance.
“We are delighted and proud that Azul has selected Airinmar to be an integral part of its strategy to enhance its supply chain management to meet the demands of a rapidly growing airline,” said Mike Humphreys, President, Airinmar. “Our new partnership with Azul adds a well-respected customer to our growing airline customer base as we look to grow our business in South America.”
“Airinmar’s unique services and collaborative approach are the perfect fit for helping Azul maintain our leading position in this competitive market,” said Cesar Okajima, Supply Chain Director, Azul. “Optimising our supply chain and decreasing costs will support our airline’s continued growth.”
The fastest-growing airline in Brazil, Azul has the largest airline network in the country in terms of cities served, with service to more than 100 destinations and 792 daily flights. Azul S.A. (B3: AZUL4, NYSE: AZUL) is the largest airline in Brazil by number of cities served. With an operating fleet of 122 aircraft and more than 10,000 crewmembers, the company has a network of 223 non-stop routes as of December 31, 2017. Among awards received in 2017, Azul was elected third-best airline in the world by TripAdvisor Travelers’ Choice and best low-cost carrier in South America for the seventh consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil and most on-time low-cost carrier in the Americas in 2017, according to OAG’s Punctuality League, the industry’s most comprehensive annual ranking of on-time performance. For more information visit www.voeazul.com.br/ir.
Airinmar offers a wide range of repair management support services that reduce component repair expenditure and enhance component availability. 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 (NYSE: AIR).
Airinmar media contact:Peter O’Dea, Head of Sales and Business Development, at email@example.com| +44 118-932-4056
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.