WOOD DALE, Ill., Sept. 17, 2019 /PRNewswire/ -- AAR (NYSE:
AIR), a leading provider of aviation services to airlines and
governments worldwide, signed its largest commercial deal in
Japan to date, a multimillion
dollar Parts Supply agreement with Mitsubishi Heavy Industries Aero
Engines, Ltd. (MHIAEL). AAR will begin work immediately as the
parts supplier for MHIAEL's PW4000 engine maintenance with
international commercial airlines.
"MHIAEL is a key player in the Japanese and global aviation
market, and this agreement is AAR's first Parts Supply deal with an
engine MRO company in the region — and our largest contract in
Japan," said Sal Marino, AAR SVP of Parts Supply. "AAR is
certified compliant with Japanese regulations, and we have the
global capabilities and facilities to serve Japan-based customers wherever they do
business. We're very excited for what's to come with this
partnership and our plans in the Japanese market."
AAR will supply parts for the MHIAEL's demand of PW4000 94-inch
fan engines used in thousands of commercial aircraft and will also
have the capability to provide solutions from original equipment
manufacturers (OEMs), including Unison and Eaton, for engine
technological platforms.
Out of a strong field of vendors competing for the service
contract, AAR was chosen by MHIAEL as their preferred parts
supplier in this large-scale partnership to serve their
international customers.
This announcement follows AAR's recent completion of its
certification from the Japanese Civil Aviation Bureau (JCAB)
allowing the company to also serve Japan-based airlines.
For more information about AAR's Part Supply Services, please
click here.
About AAR
AAR is a global aerospace and defense
aftermarket solutions company that employs more than 6,000 people
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;
Maintenance, Repair, Overhaul (MRO); and Engineering Services.
AAR's Expeditionary Services include Mobility Systems and Composite
Manufacturing operations. Additional 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, 2019. 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