Airinmar selected by Malaysia Airlines for new aircraft warranty management and value engineering services agreement

Airinmar has been awarded a new multi-year support services agreement with Malaysia Airlines.

BERKSHIRE, England — AAR CORP. (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty management solutions, has been awarded a new multi-year support services agreement to provide Malaysia Airlines, the nation’s flag carrier, aircraft warranty management and value engineering services.

Airinmar’s services will complement Malaysia Airlines’ existing materials management activities and focus on maximizing the recovery of the airline’s warranty entitlements as well as reducing the cost of component repair and the airline’s overall cost of maintenance.

“We welcome this collaboration with Airinmar as part of our ongoing efforts to manage maintenance costs and improve efficiency across our operations,” said Captain Nasaruddin A. Bakar, Chief Operating Officer of Malaysia Airlines. “Partnerships like this help us strengthen our supply chain resilience and ensure our operations remain cost-efficient and reliable.” 

“We are committed to working alongside Malaysia Airlines and assisting with the reduction of maintenance costs across the airline’s multiple fleet types,” said Matt Davies, General Manager of Airinmar. “We are delighted to add Malaysia Airlines, the flag carrier of Malaysia and one of the most established commercial airlines in Asia, to our global customer base.” 

For more information on Airinmar’s industry-leading services, visit https://www.airinmar.com/. 

About Airinmar
Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for over 40 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 https://www.airinmar.com/.

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 Malaysia Airlines 
Malaysia Airlines is the national carrier of Malaysia, offering premium and full-service travel options to, from, and within the country. As the gateway to Asia and beyond, the airline carries up to 40,000 guests daily on memorable journeys inspired by Malaysia’s diverse heritage. Malaysia Airlines embodies the nation's rich traditions, cultures, and cuisines, delivering an unparalleled experience through its signature Malaysian Hospitality across every customer touchpoint. 

Since September 2015, the airline has been owned and operated by Malaysia Airlines Berhad. It is part of the Malaysia Aviation Group (MAG) – a global aviation organisation comprising a range of aviation and lifestyle travel solution portfolios aimed at serving global air travel needs. 

As a member of the oneworld® alliance, Malaysia Airlines offers enhanced connectivity to more than 900 destinations in 170 territories worldwide. For more information, visit www.malaysiaairlines.com or download the Malaysia Airlines app for the latest promotions at your fingertips.

This press release may contain 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 related to the support 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 management, as well as assumptions and estimates based on information currently available to management 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 AAR CORP.’s 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 management’s control. Management 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.

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