BERKSHIRE, England, Feb. 21,
2024 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary
Airinmar, a leading independent provider of component repair
cycle management and aircraft warranty solutions, has signed a
multi-year support services extension with Philippine Airlines
(PAL).
"We are delighted to extend our successful
relationship with PAL," said Matt
Davies, Airinmar's General Manager.
Working in conjunction with PAL's Aircraft Material Management
team, Airinmar will provide a full suite of support services
covering both aircraft warranty and value engineering. The services
will supplement PAL's current activities and continue building on
the successful recovery of the Philippine flag carrier's aircraft
warranty entitlements and reducing the cost of component
repair.
"Since we implemented Airinmar's services at the start of 2020,
Airinmar has been a trusted partner. We appreciate their commitment
to value engineering and solid warranty management, which has
contributed to meeting Philippine Airlines' safety and efficiency
goals," said Alvin Kendrich Limqueco, PAL SVP – Supply Chain
Management Group. "We will continue to leverage Airinmar's
comprehensive engineering knowledge and expertise to help drive
down PAL's operational maintenance costs and thereby contribute to
our overall sustained improvement goals."
Airinmar's value engineering support will continue to deliver
cost savings through supplier compliance with PAL's contracted
component repairs and minimize component flight-hour out-of-scope
repair charges.
Airinmar's aircraft warranty management services cover the
identification, claim, and recovery of the multiple aircraft
warranty entitlements provided by Airbus, Boeing, and de Havilland
and their suppliers.
"We are delighted to extend our successful relationship with PAL
and continue working alongside their Aircraft Material Management
team to reduce maintenance costs across PAL's multiple fleet
types," said Matt Davies, Airinmar's
General Manager. "We are excited to be part of PAL's growth
strategy as their fleet expands with new aircraft deliveries in the
coming years."
For more information on Airinmar's industry-leading
services, visit https://www.airinmar.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 enhanced
operational efficiencies. Airinmar is a subsidiary of global
aviation aftermarket leader AAR (NYSE: AIR). Additional
information can be found at https://www.airinmar.com/.
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 Philippine Airlines
Philippine Airlines (PAL) is
the Philippines' flag carrier and
only full-service network airline, as well as the first commercial
airline in Asia. PAL's fleet of
Boeing, Airbus, and De Havilland aircraft operate scheduled nonstop
flights out of hubs in Manila,
Cebu, Clark, and Davao to 33 destinations in the Philippines and 39 destinations in
Asia, North America, Australia, and the Middle East. Known for its hallmark
heartwarming and gracious Filipino service, PAL also supports the
global economy through air cargo and charter services, while
serving the travel needs of overseas Filipinos as well as
businesspeople, tourists and families from all over the world.
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 anticipated activities and benefits under the
extended support 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
|
Contact:
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com
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SOURCE Airinmar