AAR Awarded Support Contracts With Alaska Airlines And Midwest Express Airlines
WOOD DALE, Ill., /PRNewswire-FirstCall via COMTEX/ -- AAR (NYSE: AIR) announced today that the Company was recently awarded two long-term support contracts.
AAR Aircraft Services has signed a 28-month agreement with Alaska Airlines for the opportunity to provide heavy maintenance services for its fleet of MD-80 and B737 series aircraft. Alaska Airlines is the nation's ninth largest carrier with a fleet of 102 aircraft, celebrating its 70th anniversary this year. Under the long-term contract, AAR will provide heavy maintenance functions, including light and heavy C checks, modifications, aircraft upgrades and exterior and interior refurbishment services.
Additionally, Midwest Express Airlines, Inc. has entered into a five-year contract with AAR Landing Gear Services to provide landing gear support of its fleet of DC-9 and MD-80 series aircraft. Under the contract, AAR will perform scheduled and unscheduled landing gear exchange and overhaul services for the carrier's 34 aircraft.
"We appreciate the confidence Alaska and Midwest Express Airlines have shown in AAR by awarding us these contracts," said David P. Storch, AAR president and chief executive officer. "Our goal is to create maintenance solutions geared toward helping our customers improve service and lower operating costs."
AAR is the leading provider of aftermarket support to the worldwide aviation/aerospace industry. Products and services include customized inventory management and logistics programs, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at http://www.aarcorp.com.
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. 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, depending on a variety of factors, including: implementation of information technology systems, integration of acquisitions, marketplace competition, economic and aviation/aerospace market stability and Company profitability. 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.
SOURCE AAR CORP.
CONTACT: Dawn Kaiser, Director, Finance and Investor Relations of AAR, +1-630-227-2098, or email@example.com
Related newsSee all
November 16, 2023
Airinmar selected by Pegasus to provide warranty management services
BERKSHIRE, England — AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new multi-year services agreement with Turkish-based low-cost carrier Pegasus.
November 15, 2023
AAR earns 2024 Military Friendly® Employer designations
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has earned the 2024 Military Friendly® Gold Employer and Military Friendly® Spouse Employer designations.
November 08, 2023
AAR launches 2023 ESG Summary Report
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, launched its 2023 ESG Summary Report, demonstrating the Company’s continued efforts to focus on the environment, drive social responsibility, and govern with integrity.