AAR and Allegiant Commemorate 100th Aircraft Delivery
Leading aircraft maintenance provider and long-term customer celebrate milestone
OKLAHOMA CITY, Oklahoma – AAR (NYSE: AIR) and Allegiant Air, joined together in a hangar at AAR’s aircraft maintenance facility in Oklahoma City to celebrate the delivery of the 100th airplane as part of their long-term aircraft maintenance relationship.
In 2008, AAR signed an agreement with Allegiant to provide aircraft Maintenance, Repair and Overhaul (MRO) services from its Miami based aircraft maintenance facility. Subsequently, additional work was performed at AAR’s MRO facility in Oklahoma City and, in 2010; AAR and Allegiant inked a five-year agreement for AAR to serve as the exclusive aircraft maintenance provider for Allegiant’s MD-80 fleet. Today, through its North American “1MRO” network, AAR provides Allegiant with aircraft maintenance and modifications from full-service facilities in Oklahoma City, Miami and Indianapolis.
“We value our excellent relationship with Allegiant and are proud to celebrate this momentous occasion with the Allegiant and AAR teams who worked to achieve this important milestone,” said Dany Kleiman, Group Vice President for AAR’s MRO operations. “While today is about celebrating what we’ve accomplished, we’re looking toward the future with an enduring commitment to providing high levels of service to help Allegiant operate its fleet safely and efficiently while maintaining their high levels of passenger service.”
AAR offers customers turnkey aircraft support solutions as part of its “1MRO” approach. The Company leverages diverse maintenance, engineering and technical capabilities to offer airlines customized, integrated services that lower costs, increase asset availability and ensure high levels of quality, safety and service. In addition to its facilities in Oklahoma City, Miami, Indianapolis, and Hot Springs, Arkansas, AAR is in the process of standing up a fifth MRO facility in Duluth, Minnesota, expected to open this year.
Earlier this year, AAR was voted by customers as Best Airframe MRO Provider — The Americas. AAR is also ranked the No. 5 MRO in the world and was also named Aircraft Parts Supplier of the Year in an independent survey of 11,000 airline executives and industry professionals.
Allegiant, Travel is our deal®.
Las Vegas-based Allegiant Travel Company® (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline, and offers other travel-related products such as hotel rooms, rental cars, and attraction tickets through its website, allegiant.com. The company was ranked ninth in the 2011 Forbes’ Best Small Companies list. Allegiant was also recently named one of FORTUNE magazine’s “100 Fastest-Growing Companies” for the second consecutive year.
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Corporate Marketing & Communications
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, 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, 2018. 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.
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