July 29, 2013
AAR Signs Major Inventory Support Deal with UK Airline Flybe
Large stock of parts for Q400 wheels and brakes to cut costs, turnaround times
WOOD DALE, Illinois – AAR (NYSE: AIR), a global leader in the supply and repair of component parts for the aviation industry, has signed a multi-year inventory support deal with European regional airline Flybe.
Under the terms of the agreement, AAR will support Flybe’s operational needs for wheels and brakes inventory for its Q400 fleet. To that end, AAR has provided the UK-based airline with a large inventory of parts, under a recent sale/leaseback agreement, for the airline to have on hand to support day-to-day requirements.
“This is another good example of how AAR has provided a flexible solution aimed at reducing the operational costs and enabling faster turnaround times for our customers,” said Carl Glover, Vice President, Sales, for AAR’s Aviation Supply Chain Group — Europe, Middle East and Africa.
AAR will house an additional pool of high-demand wheels and brakes inventory in its Amsterdam warehouse to support both Flybe and other Q400 operators in the region, providing them with a lower cost support solution.
“Like many of our customers in the EU, Flybe is working to adapt how it supports its fleet through outsourcing,” added Glover. “We are pleased to be part of the vendor community with which they have recently selected to partner.”
John Palmer, Director of Aircraft Maintenance at Flybe, said: “We are delighted to have concluded this transaction with AAR which gives us an excellent competitive financial outcome whilst ensuring our continuity of supply with an industry leading partner.”
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Contact
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@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. 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, 2018. 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.
Related news
See all
December 23, 2024
AAR named one of America’s Most Responsible Companies 2025 by Newsweek
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been recognized by Newsweek as one of America’s Most Responsible Companies 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced earlier this month and can currently be viewed on Newsweek’s website.
December 20, 2024
AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings.
December 19, 2024
AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC
Wood Dale, Illinois — AAR CORP. (NYSE: AIR) (“AAR” or the “Company”) announced today that it has reached resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the “FCPA”) relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa.
