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Airinmar press release

July 03, 2024

Airinmar selected by Airhub Aviation and its partner GetJet Airlines to provide repair cost oversight services

BERKSHIRE, England — AAR CORP. subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new multi-year services agreement with Airhub Aviation, a prominent asset management and fleet support services provider, to support its partner GetJet Airlines, a Lithuanian-based aircraft, crew, maintenance, and insurance provider.

Airinmar will provide Airhub Aviation with cost oversight services to ensure compliance with GetJet Airline’s contracted component repairs and the cost evaluation of time and material quoted repairs. The services provided by Airinmar will complement Airhub Aviation’s current repair management activities and improvement initiatives.

“This agreement marks another significant step in Airhub Aviation’s ongoing commitment to continuous improvement and maintenance cost reduction initiatives for GetJet Airlines,” said Oleg Novak, Managing Director for Airhub Aviation. “Airinmar’s extensive knowledge and experience managing the component repair cycle and ability to maximize value from effective cost management practices will help Airbub Aviation position ourselves for future growth and expansion.”

“Airinmar is excited about the opportunity to bring value through our long-established repair cost oversight services and contribute to the overall sustainable growth Airhub Aviation has been experiencing,” said Greg Zuikovs, Senior Director of Sales and Business Development for Airinmar. “We see great drive from their partner GetJet Airlines to operate in an effective and efficient manner, and we are fully committed to supporting them with our services.”

For more information on Airinmar’s industry-leading solutions, visit aarcorp.com/airinmar/.

About Airinmar
Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for more than 35 years through the delivery of its tailored component repair and warranty management support services, which deliver reduced repair expenditure, improved component availability, and enhanced operational efficiencies. Airinmar is a subsidiary of global aviation aftermarket leader AAR. Additional information can be found at aarcorp.com/airinmar/.

About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

About GetJet Airlines
GetJet Airlines, founded as Lithuanian airline company, proving crewed aircraft leasing services globally, ranging from ACMI operations to asset management solutions since 2016. Leveraging strong collaborations with leasing companies, premier international airlines, and key tour operators in the Baltic region, GetJet Airlines addresses the global market demand with efficiency and expertise. Additional information can be found at https://getjet.aero.

About Airhub Aviation
Airhub Aviation, primary focus is on providing efficient management for mid-life and end-of-life assets. Airhub provides a range of services, including continuing airworthiness, maintenance, high-value component supply and repair management, as well as sales and leasing, fueled by our partner airline and a diversified clientele ranging from start-up airlines to the world's largest aircraft lessors. Additional information can be found at https://airhubaviation.com/about-us/.

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, reflecting management’s expectations about future conditions, including anticipated activities and benefits under the services agreement. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. 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.

Contact
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com

 

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