AAR Landing Gear to Provide MRO Support for E-Jet Aircraft
Contract with OEM Liebherr-Aerospace will extend capabilities to service other operators
WOOD DALE, Illinois – AAR (NYSE: AIR) has entered into a general terms agreement with Liebherr-Aerospace to provide landing gear maintenance, repair and overhaul (MRO) services for the Embraer 170/175/190/195 family of aircraft, a deal that provides enhanced capabilities for AAR Landing Gear Services.
The agreement with the original equipment manufacturer (OEM) Liebherr-Aerospace, who has developed and integrated the landing gear system installed on the E-Jet 170/175/190/195 series, allows AAR to acquire and maintain updated technical documentation on the aircraft. With that access and the ability to purchase related spare parts for E-Jet E1 series aircraft, AAR's landing gear facility in Miami will be able to service other operators that fly the aircraft.
"This is a significant accomplishment for AAR. It not only demonstrates our commitment to customers and the expertise and dedication of our employees, it increases our capabilities," said Pastor Lopez, Vice President, Aircraft Components and Landing Gear Services. "We are already seeing RFPs from E-Jet operators. With more than 500 E-jets operating in the Americas and more than 900 worldwide, the agreement with Liebherr-Aerospace further positions AAR as a top global MRO."
AAR Landing Gear Services is just one resource in AAR's 1MRO service network of solutions for commercial airlines worldwide. AAR offers a comprehensive range of products and services extending to heavy maintenance, landing gear and component repair services, as well as parts supply and support. AAR is the No. 1 provider of MRO services in North America and one of the top three in the world, according to industry rankings.
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.
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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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