WOOD
DALE, Ill., Dec. 27,
2023 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, has signed a multi-year contract
extension and expansion for flight-hour component support
services with ASL Aviation Holdings DAC (ASL Airlines).
The contract extends and expands AAR's existing component
support agreement with ASL Airlines Belgium to include ASL Airlines
France, ASL Airlines United Kingdom, and ASL Airlines
Ireland. AAR currently supports 28 ASL aircraft, which is
expected to increase to 65 under the new agreement. AAR's
Integrated Solutions' segment will provide 24/7 component support
services for the airlines' Boeing 737 fleets.
"For more than a decade, ASL has benefited from AAR's proven
excellence in delivering flight-hour support services and
associated cost efficiencies, which enable the on-time performance
of ASL's operations," said James
George, ASL Aviation Holdings' Head of Procurement. "We are
delighted to expand our partnership with AAR to include additional
ASL airlines."
"AAR's strategically located warehouses and support teams
expedite the delivery of components and reduce maintenance
turnaround times for ASL," said Chris
Fiddes, AAR's Vice President of Commercial Programs. "We
look forward to the expansion of our relationship as ASL grows and
modernizes its fleet."
For more information on AAR's flight-hour support, visit
https://www.aarcorp.com/en/services/commercial-solutions/flight-hour-support/.
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 ASL Aviation Holdings
ASL Aviation Holdings, a global aviation services company with
airlines based in Europe,
South Africa, Australia and Asia, is a world leader in ACMI airline
operations and both scheduled and charter cargo and passenger
services.
Headquartered in Dublin,
Ireland, ASL's eight airlines include ASL Airlines Ireland,
ASL Airlines Belgium, ASL Airlines France, ASL Airlines United
Kingdom in Europe and ASL Airlines
Australia. ASL also has joint venture and associate airlines,
FlySafair in South Africa, K-Mile
Asia in Thailand and Quikjet
Airlines in India. The group also
includes several leasing entities as well as an MRO. The Group has
a fleet of 160 aircraft that includes 9 aircraft types ranging from
the turbo prop ATR 72 to the Boeing 747.
For more information regarding ASL's services and fleet please
visit https://www.aslaviationholdings.com/.
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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 reflecting management's expectations about future
conditions, including expected activities and benefits under the
extended and expanded services 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 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.
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Contact:
Media Team
Corporate Marketing and
Communications
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.