Philippine Airlines selects Airinmar’s new aircraft warranty and value engineering services
February 11 2020 - 2:05PM
AAR (NYSE: AIR) subsidiary Airinmar, the leading independent
global provider of component repair management and new aircraft
warranty solutions, has signed a three-year support services
agreement with flag carrier Philippine Airlines (PAL).
Working in conjunction with PAL’s Aircraft Material Management
team, Airinmar will provide a full suite of support services
covering both new aircraft warranty and value engineering. The
services will supplement PAL’s current activities and focus on
maximizing the recovery of PAL’s new aircraft warranty entitlements
and reducing the cost of component repair.
“Safety remains the cornerstone of PAL´s operations. We are
pleased to work with Airinmar and appreciate their commitment to
provide value engineering support which is vital to meeting PAL´s
safety and efficiency goals. We look forward to leveraging their
comprehensive engineering knowledge and expertise to help drive
down our operational maintenance costs and thereby contribute to
our overall sustained improvement goals,” stressed Capt. Stanley K.
Ng, PAL SVP - Airline Operations Group.
Airinmar’s new aircraft warranty management services will cover
the identification, claim and recovery of the multiple aircraft
warranty entitlements provided by Airbus, Boeing and Bombardier and
their suppliers.
Airinmar’s value engineering support will provide cost oversight
services to assure compliance with PAL’s contracted component
repairs and minimize component flight-hour out-of-scope repair
charges.
“We are committed to working alongside PAL’s Material Management
team and assisting in reducing maintenance costs across PAL’s
multiple fleet types.” said Peter O'Dea, Airinmar Head of Sales and
Business Development. “We are delighted to add PAL, the flag
carrier of the Philippines and one of the most established
commercial airlines in Asia, to our global customer
base.”
For more information on Airinmar’s industry-leading warranty
solutions, 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; 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 Airinmar Airinmar has supported airlines, MROs,
OEMs, helicopter operators and military programs for 35 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 Philippine Airlines Philippine Airlines (PAL) is
the flag carrier of the Philippines. Headquartered in Manila, PAL
was the first commercial airline in Asia. Operating out of its hubs
at Ninoy Aquino International Airport of Manila, Mactan-Cebu
International Airport of Cebu, Clark International Airport and
Davao International Airport with a fleet of 91 aircraft, PAL
serves 31 destinations in the Philippines and
over 45 internationally destinations in
23 countries.
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.
- AAR Airinmar PAL_021120_left to right_Rahul Shah_Gilbert Santa
Maria (2)
Daniela Pietsch
AAR Corp
+1.630.227.5100
daniela.pietsch@aarcorp.com
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