AAR’s Nordisk Begins Delivery of 900 Lightweight ULDs to Vietnam Airlines
Newest order brings the number of Nordisk cargo containers in customer’s fleet to nearly 3,000
NORWAY — AAR (NYSE: AIR) announced today that its Nordisk Aviation Products division has begun delivery of 900 Nordisk lightweight cargo containers to Vietnam Airlines. Vietnam Airlines currently has approximately 2,000 Nordisk containers already operating in its fleet.
The containers, also known as Unit Load Devices or ULDs, improve operational efficiency, storage and transport of air cargo and luggage.
“We are pleased to provide Vietnam Airlines with products, services and solutions that lower their total cost of ULD ownership while ensuring safe and reliable cargo handling for their customers,” said Boon Yang Sim, Nordisk's Vice President of Sales, Asia and the Pacific. “Our dedicated after-sales support team in Asia is committed to supporting Vietnam Airlines and ensuring that its Nordisk units enter operation on schedule.”
Nordisk offers the widest range of ULDs in the industry. With more than 200 customers worldwide, and more than 650,000 ULDs sold in the global aviation market, Nordisk products are used by virtually every airline operating wide-body aircraft, enabling vast amounts of cargo and baggage to be transported safely and securely.
AAR, with its Telair and Nordisk subsidiaries, offers a full line of main-deck and lower-deck cargo systems and a variety of baggage handling and freight solutions that enable increased payload and fuel savings. From the lightest-weight containers in the industry to a patented Sliding Carpet® baggage loading system to specialized pallets, containers and air mobile shelters, AAR offers products with excellent strength-to-weight performance, high reliability and low total cost of ownership, backed by a global aftermarket support network.
Nordisk has production facilities in Norway, China and the United States and has spare parts warehousing and sales offices across Europe, Asia and the United States. For more information, visit www.nordisk-aviation.com.
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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