WOOD DALE, Ill., Feb. 7, 2018 /PRNewswire/ -- AAR (NYSE:
AIR), a global provider of aviation services to commercial
airlines, announced a joint venture with Indamer Aviation, a
leading aviation company in India,
for the development of a new airframe maintenance, repair and
overhaul (MRO) facility in Nagpur, India.
The new MRO facility, which is already under construction, will
initially be comprised of six narrow-body bays, including one bay
for paint. Additional phases are planned for a total of 16 bays, as
well as component repair shops.
The MRO will serve India's
fast-growing commercial aviation market and is scheduled to open in
the fall with FAA, EASA and DGCA certifications. Fully aligned with
the 'Make In India' initiative,
the facility will employ Indian nationals, including some of the
existing Indamer workforce. A training school under Indamer's CAR
147 certification and the Government of India's Skill Development Program will allow
hundreds of students to gain skill sets and employment in Nagpur.
The initial group of students will receive practical training at
one of AAR's MRO facilities in the United
States.
"We are excited to expand AAR's MRO expertise outside of the
Americas in partnership with Indamer, which has the local market
and cultural knowledge needed for success," said John Holmes, President & Chief Operating
Officer, AAR. "We are looking forward to bringing our MRO
experience to central India to
help serve the country's fast-growing airlines."
"When we started planning for a new MRO in India, we knew we wanted to leverage the
experience of a leading, independent MRO that had been successful
in more mature aviation markets," said Rajeev Gupta, Indamer Aviation CEO. "AAR is the
ideal partner for us and brings the knowledge and processes needed
to help establish in-country capability and jobs in aircraft heavy
maintenance."
"AAR has been embraced by the country's airlines and supported
by the 'Make In India' initiative,
and we are proud to be part of the next generation of aviation
support in this region," said Rahul
Shah, Senior Vice President of AAR.
About Indamer
Founded in 1947, Indamer Aviation
Private Limited is one of the leading General Aviation services
companies in India. It is approved
by the Directorate General of Civil Aviation under CAR 145 and
Continuing Airworthiness Management Organization (CAMO) CAR M. The
company is an authorized service centre for Bombardier and Embraer
fleets. It maintains fixed-wing aircraft and helicopters
manufactured by all OEMs in the western world. The company
maintains aircraft for Private Owners, Charter Operators, State
Governments and Training Institutes. Indamer maintains a total of
90 aircraft at 15 locations across Pan India. Indamer media
contact: Vikram Sethi, Chief
Commercial Officer, at vikrams@indamer.com | +91-9821087865.
About AAR
AAR is a global aftermarket solutions
company that employs more than 5,500 people in over 20 countries.
Based in Wood Dale, Illinois, AAR
supports commercial aviation and government customers in more than
100 countries. 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.
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