Top Aviation Supplier AAR to Showcase Broad Capabilities at MRO Europe
Full line of products and services will be highlighted at major London expo next week
LONDON – AAR (NYSE: AAR), a leading global provider of aviation services and technology products for commercial airlines, government and defense agencies and original equipment manufacturers (OEMs), will showcase the full range of its growing European market offerings at the MRO Europe exhibition and conference, September 24-26.
Visitors to Booth 540 at the Exhibition Centre London, or ExCeL, will learn about AAR’s European expansion, including its Amsterdam distribution hub and three acquisitions in the past two years that have helped bolster its offerings. Cargo loading systems and lightweight container solutions are available through its two European subsidiaries Telair International, based in Germany, and Nordisk Aviation Products, based in Norway. In addition, AAR supports component repair management for airlines, OEMs, and MRO providers through its subsidiary Airinmar, located near London’s Heathrow Airport. All three companies were acquired in 2011.
AAR also provides logistics support for the United Kingdom's Royal Air Force fleet of E-3D Sentry Airborne Warning and Control System (AWACS) aircraft at RAF Waddington Lincoln as part of a Northrop Grumman¬¬–led team. AAR’s presence in Europe began nearly 50 years ago when it opened an aircraft component repair facility in Amsterdam.
“Our deep roots in the UK and across Europe have enabled us to expand our global operations and service offerings, leading to operational efficiencies, reduced turnaround times and increased parts and aircraft availability to our customers,” said Carl Glover, Vice President Sales, AAR Aviation Supply Chain Group.
AAR has been ranked the No. 1 MRO provider in North America and No. 3 in the world, according to industry surveys. Its close-to-the-customer business model, combined with a broad range of capabilities, help customers operate more efficiently, lower costs and maintain high levels of quality, safety and service.
AAR’s presence at the expo will reach beyond the exhibit hall. Two of the Company’s executives will be speaking during the conference portion of the event. Pascal Parant, Vice President, Corporate Marketing, will moderate a panel on the Impact of the Surplus Market on Engine MRO at 10:45 a.m., September 25. That discussion will explore how MRO operators and OEMs can best take advantage of the fast-growing surplus-parts sector created by engine fleet phase-outs. At noon that same day, AAR’s Glover will participate in an Inventory Optimization panel, exploring such topics as how much of their inventory airlines should own and manage themselves and various stocking principles.
MRO Europe is organized by Aviation Week Events and is attended by representatives of airlines, OEMs, MRO service providers, suppliers, leading companies, and regulators.
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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