AAR announces extension and expansion of United Airlines MRO relationship, expected facility expansion in Miami
17 Julho 2023 - 5:05PM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, announced
today it has signed an agreement with United Airlines to extend its
existing airframe MRO services relationship through 2030 and expand
its heavy maintenance commitments.
Under this agreement, AAR has committed to growing its dedicated
airframe narrow body capacity to provide United Airlines a minimum
of 10 lines of maintenance support across AAR’s Miami, Florida, and
Rockford, Illinois, MRO facilities.
To support the additional lines of maintenance, AAR will add a
new three-bay hangar adjacent to its existing nine-bay facility at
Miami International Airport, pending approval by the Miami-Dade
County Board of County Commissioners. Miami-Dade County is expected
to reimburse the construction costs of the hangar.
United’s increased maintenance commitment is projected to create
more than 250 AAR careers in the Miami and Rockford communities and
grow revenue for Miami International Airport. AAR looks to leverage
its well-established approach to workforce development to enhance
its efforts to build a best-in-class workforce by hiring a diverse,
highly-skilled team to support the additional workload.
“United and AAR have enjoyed a long, successful
relationship based on AAR’s reputation for safety, quality, and
reliability,” said Mike Arata, Managing Director of Base
Maintenance for United Airlines. “Expanding our relationship with
AAR is an important step in building out our internal and external
long-term heavy maintenance footprint to meet the demand for our
growing fleet.”
“We are very excited to extend and expand our heavy maintenance
support of United Airlines. This new agreement drives an increase
in our MRO footprint, which we expect will create hundreds of
career opportunities that will benefit the aviation industry and
the Miami and Rockford communities,” said Chris Jessup, Chief
Commercial Officer for AAR.
For more information on AAR, visit aarcorp.com.
About AARAAR 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 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 operations.
Additional information can be found at 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
which reflect management’s expectations about future conditions,
including the expansion of the Miami facility and the Company’s
workforce. 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 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.
For a discussion of these and other risks and uncertainties, refer
to “Risk Factors” in our 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 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. |
Media Team
AAR CORP.
+1-630-227-5100
Editor@aarcorp.com
AAR (NYSE:AIR)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
AAR (NYSE:AIR)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024