Global Aerospace Logistics Signs Strategic Services MOU with AAR to Enhance Support for the UAE Armed Forces
November 13, 2017
DUBAI, U.A.E, November 12, 2017 - Global Aerospace Logistics, LLC (GAL), a subsidiary of Emirates Defence Industries Company (EDIC), and AAR, a global aviation aftermarket service provider, today signed a Memorandum of Understanding to develop enhanced support services for the UAE Armed Forces.
GAL is expanding its role with the Joint Aviation Command to include Performance-Based Logistics (PBL), and agreements with companies like AAR provide unique and relevant past performance and proven processes that can be transferred to GAL and the UAE. Under this agreement, AAR will provide working knowledge of PBL programs to reduce overall risk and greatly enhance the operational readiness of fully mission-capable aircraft at an overall cost savings for the UAE Armed Forces.
GAL is a key supplier of professional aerospace and defense maintenance services and support for the UAE, and the execution of this agreement further enhances its role as a provider of routine and urgent customer support services for the UAE Joint Aviation Command – including new spare parts, repairs, training and technical publications.
AAR provides integrated supply chain solutions to both commercial and government customers worldwide with over 1600 aircraft under contract. AAR recently won a landing gear PBL contract with the U.S. Air Force and this agreement enables the Company to share its expertise in the Middle East.
“GAL is extremely pleased to work with AAR as flexible partner with a history of success,” said Mr. Ammar Al Ozaibi, GAL’s Chief Executive Officer. “GAL believes very strongly in leveraging the experience of global leaders like AAR to build capabilities in the distribution, repairs, and support of military operators. AAR brings a level of sophistication and experience to GAL that reduces both risks and costs for the end user. This agreement will allow us to shorten our initial start-up time, which will undoubtedly prove invaluable to GAL, EDIC and the Joint Aviation Command. Together, GAL and AAR will meet and exceed operational needs of the UAE Joint Aviation Command, ensuring efficient and effective maintenance of the entire fleet of helicopters and fixed-wing aircraft operated in the United Arab Emirates.”
“AAR is honored to be chosen to share our performance-based logistics expertise with GAL,” said John Holmes, President and Chief Operating Officer, AAR. “AAR has a long history of providing aviation services to the UAE government, and we are excited to build on our past performance in this growing aviation market.”
For more information about GAL and its activities, visit the company’s website: http://www.gal.ae.
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 two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at email@example.com or +1 630-227-5100.
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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. 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, 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, 2017. 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.