BERKSHIRE, England,
Oct. 22, 2019 /PRNewswire/
-- AAR (NYSE: AIR) subsidiary Airinmar, the top global
independent provider of component repair cycle management and
aircraft warranty solutions, signed a three-year agreement with
JetBlue to provide component Value Engineering cost oversight
services for the airline's Airbus and Embraer fleets.
The agreement covers the provision of Airinmar's unique Value
Engineering knowledge and expertise, along with in-house support
systems across a wide range of JetBlue's aircraft components. Under
the scope of the services, Airinmar will assess repair costs to
assure compliance with JetBlue's contracted pricing terms, under
either component flight-hour or fixed-pricing terms, as well as the
cost evaluation of time and material quoted repairs.
"Our partnership with Airinmar marks another significant step in
JetBlue's ongoing commitment to continuous improvement and
maintenance cost reduction initiatives," said Bill Cade, JetBlue VP of Technical Operations.
"Since the program started, we've already seen cost savings from
Airinmar's Value Engineering support and look forward to continued
benefits."
"We are thrilled to expand our Value Engineering Services to one
of the most innovative airlines in the U.S.," said
Peter O'Dea, Airinmar Head of Sales
and Business Development. "By working as a valued partner alongside
JetBlue's in-house engineering and maintenance team, we are fully
committed to developing our services to support the airline's drive
to further reduce its maintenance costs."
For more information on Airinmar's industry-leading component
repair services and solutions, click here.
About Airinmar
Airinmar has supported airlines, MROs,
OEMs, helicopter operators and military programs for more than 30
years through the delivery of its tailored component repair and
warranty management support services, which deliver reduced repair
expenditure, improved component availability and enhance
operational efficiencies. Airinmar is a subsidiary of global
aviation aftermarket leader AAR (NYSE: AIR).
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; and
Maintenance, Repair and Overhaul (MRO) Services. AAR's
Expeditionary Services include Mobility Systems and Composite
Manufacturing operations. Additional information can be found at
www.aarcorp.com.
About JetBlue
JetBlue is New York's Hometown
Airline®, and a leading carrier in Boston, Fort
Lauderdale-Hollywood,
Los Angeles (Long Beach),
Orlando, and San Juan. JetBlue carries more than 42 million
customers a year to 100+ cities in the U.S., Caribbean, and Latin
America with an average of more than 1,000 daily flights.
For more information, please visit jetblue.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.
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/airinmar-secures-value-engineering-contract-with-jetblue-delivering-cost-savings-in-the-component-repair-cycle-300942413.html
SOURCE AAR