AAR Amends OEM Support Agreement with Liebherr-Aerospace
Updates expand AAR’s comprehensive repair solution for Bombardier fleet
WOOD DALE, Illinois, April 13, 2015 — AAR (NYSE: AIR) has amended a long-term general terms agreement with Liebherr-Aerospace. Under terms of the deal, Liebherr-Aerospace will provide full support of AAR’s nose-to-tail comprehensive solution on the Bombardier fleet. The services are performed by Liebherr-Aerospace Saline, Inc., and Liebherr-Aerospace Toulouse SAS, which is the Original Equipment Manufacturer (OEM). Under the existing agreement, Liebherr-Aerospace grants access to technical documentation, spare parts and technical support to AAR’s component repair centers in Garden City, New York, and Amsterdam, both of which perform repairs on Liebherr-Aerospace equipment.
The agreement strengthens AAR's position in the aviation component support business and covers products Liebherr-Aerospace designs and manufactures for Bombardier, including the integrated air management system (ATA 21, 25, 30, 36) on board the CRJ700/900/1000 regional aircraft.
"Not only does this relationship enhance AAR's ability to provide comprehensive support for the Bombardier fleet, it also allows us to provide customers with OEM quality at competitive prices, along with technical support including engineering and reliability improvements," said Frank Landrio, Senior Vice President – Strategy and OEM Development.
Alex Vlielander, President, Liebherr-Aerospace Saline, concurred on the benefits of the expanded partnership. “Successfully working with AAR on various programs over the years has resulted in strong cooperation and trust. This agreement builds on that mutual appreciation and allows each company to focus on what it does best -- its core competency.”
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.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
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 allMarch 27, 2025
AAR reports third quarter fiscal year 2025 results
Wood Dale, Illinois, March 27, 2025 — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today financial results for the fiscal year 2025 third quarter ended February 28, 2025.
March 27, 2025
AAR and FTAI Aviation extend their exclusive Serviceable Engine Products agreement, providing CFM56 engine material to the global aviation aftermarket through 2030
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension of its exclusive Serviceable Engine Products agreement for the CFM56 used serviceable material (“USM”) collaboration with FTAI Aviation Ltd. (Nasdaq: FTAI) through 2030.
March 19, 2025
AAR elects Hema Widhani to its Board of Directors
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Hema Widhani has been elected to AAR’s Board of Directors, effective March 18, 2025. This appointment increases AAR’s Board from 11 to 12 Director positions.