WOOD DALE, Ill., July 19, 2017 /PRNewswire/ -- AAR (NYSE:
AIR) has expanded its relationship with flydubai by signing a
long-term contract to provide comprehensive flight-hour component
support for its new Boeing 737 MAX aircraft. The Dubai-based airline is set to take delivery of
100 Boeing 737 MAX 8 aircraft ordered at the 2013 Dubai
International Airshow by the end of 2023. This is AAR's first
agreement to support the new aircraft and will utilize the
company's extensive global supply chain network, including its new
parts warehouse in Dubai.
"AAR is honored that flydubai will be AAR's launch customer for
the Boeing 737 MAX aircraft," said AAR Chairman and CEO
David P. Storch at a signing
ceremony in Dubai to mark this
important event. "We have been supporting flydubai's current fleet
since September 2016, and it is a
privilege to be entrusted with this new opportunity."
"As the first customer of the Boeing 737 MAX 8 in the region, we
are looking forward to bringing further fuel and operating
efficiency to our young modern fleet," said flydubai's CEO
Ghaith Al Ghaith. "AAR is a key
partner with an enduring commitment to innovation and reliability,
and we look forward to continuing our partnership."
"Our imbedded team and proprietary systems enable the fastest
possible response times and streamlined operational efficiencies,"
said John Holmes, President and
Chief Operating Officer, AAR. "This is another big win for our
Integrated Supply Chain Solutions team who have a done a great job
of expanding AAR's flight-hour support services around the
world."
Dubai-based flydubai currently
has a network of more than 90 destinations in 44 countries. It is
committed to opening up previously underserved markets and provides
direct links from Dubai to 63
routes that did not previously have direct air links to
Dubai, or were not served by a UAE
national carrier from Dubai.
About AAR
AAR is a global aftermarket solutions
company that employs more than 5,000 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;
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.
About flydubai
Dubai-based flydubai strives to remove
barriers to travel and enhance connectivity between different
cultures across its ever-expanding network. Since launching its
operations in 2009, flydubai has:
- Created a network of more than 90 destinations in 44
countries.
- Opened up 63 new routes that did not previously have direct air
links to Dubai or were not served
by a UAE national carrier from Dubai.
- Operated a single fleet type of 58 Next-Generation Boeing
737-800 aircraft and will take delivery of more than 100 aircraft
by the end of 2023.
In addition, flydubai's agility and flexibility as a young
airline has enhanced Dubai's
economic development, in line with the Government of Dubai's vision, by creating trade and tourism
flows in previously underserved markets.
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, 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.
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SOURCE AAR