AAR Signs Landing Gear Maintenance Contract with Asiana Airlines
Agreement covers overhaul and exchange services for 767-38EF/-300 and 777-200ER assemblies
WOOD DALE, Illinois – For the first time, global aerospace leader AAR (NYSE: AIR) will provide landing gear overhaul and exchange services for Asiana Airlines. The five-year agreement covers landing gear assemblies and sub-assemblies for Asiana’s 767-38EF-300 and 777-200ER aircraft.
The new partnership with the Asian carrier illustrates the growing reach of AAR’s Landing Gear Services in Asia. AAR will perform the landing gear overhauls in its dedicated Miami landing gear overhaul facility.
“AAR’s strong reputation, competitive shop turnaround time and proven quality has allowed us to forge relationships with new customers in the Asia Pacific region, one of the fastest-growing aviation markets in the world,” said Peter Loeb, Vice President, Global Sales and Marketing, AAR Landing Gear Services.
“Asiana Airlines knows it can count on AAR’s world-class standards for quality and reliability,”commented Dong-Jun Shin, General Manager, Aircrafts & Supplies Purchasing, Asiana Airlines.
About Asiana Airlines
Since its foundation in 1988, Asiana Airlines has fully committed itself to providing its customers with innovative and world-class services. As a proud member of Star Alliance, Asiana Airlines has continued to maintain its 5-star rating by Skytrax for 9 consecutive years since the year of 2007 and also received the Airline of the Year award from Air Transport World (ATW) in 2009, Skytrax in 2010, Global Traveler in 2011, and Premier Traveler/Business Traveler in 2012. With only 28 years of history, Asiana Airlines has achieved remarkable growth, operating 89 international passenger routes to 75 destinations in 24 countries. For cargo flights, Asiana Airlines operates 26 routes to 28 cities in 12 countries. For more information, visit us on the web at http://kr.flyasiana.com/C/en/main.do.
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 allDecember 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.