WOOD
DALE, Ill., March 12,
2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, announced a multi-year agreement to
provide Cebu Pacific Air with nacelle maintenance, repair, and
overhaul services for the airline's A320 fleet powered by the
CFM56-5B engine. This work will be
performed at AAR's Component Services facility in Chonburi,
Thailand.
AAR's longstanding relationship with Cebu Pacific
includes supplying USM engine material for the
airline's CFM56-5B engine
overhauls and providing warranty management and repair cost
oversight services through AAR subsidiary Airinmar.
"We are extremely pleased to be continuing our partnership with
AAR. They share our values on maintenance quality and turnaround
time, provided at a very competitive rate," said Shev Weerasekera, VP of Engineering and Fleet
Management for Cebu Pacific Air.
"We're proud to expand our relationship with Cebu Pacific Air
through this component repair agreement, where we will provide
innovative and timely solutions for their CFM56-5B nacelles," said Jim
Berberet, AAR's Senior Vice President of Component Services.
"This agreement reflects the strong confidence that operators have
in our cost-effective service offerings in the APAC
region."
For more information on AAR's Component Services, part of the
Company's Repair & Engineering segment, visit
https://www.aarcorp.com/en/services/component-services/.
About AAR
AAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area,
AAR supports commercial and government customers through four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at aarcorp.com.
About Cebu Pacific
Cebu Pacific (CEB), the Philippines' leading airline, entered the
aviation industry on March 8,1996 and
pioneered the "low fare, great value" strategy, and has flown over
200 million passengers since inception. CEB offers the widest
domestic network in the
Philippines with 35 domestic destinations. It also currently
operates flights to 25 international destinations, spanning across
Asia, Australia, and the Middle East.
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This press release may
contain 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, reflecting management's
expectations about future conditions, including anticipated
activities and benefits under the agreement. Forward-looking
statements may also be identified because they contain words such
as ''anticipate,'' ''believe,'' ''continue,'' ''could,''
''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,''
''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,''
''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar
expressions and the negatives of those terms. These forward-looking
statements are based on beliefs of management, as well as
assumptions and estimates based on information currently available
to management and are subject to certain risks and uncertainties
that could cause actual results to differ materially from
historical results or those anticipated. For a discussion of these
and other risks and uncertainties, refer to "Risk Factors" in AAR
CORP.'s most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q. 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
management's control. Management 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.
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Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.
