AAR signs contract with flydubai for continuing Boeing 737NG PBH Component Support

Wood Dale, Illinois — AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that it signed an agreement with flydubai to renew its power-by-the-hour (PBH) component pool and repair support for the airline´s Next-Generation (NG) Boeing 737 fleet.

The new five-year contract builds on a partnership that started in 2016 to provide comprehensive rotable component support for flydubai’s 737NG fleet. This renewal demonstrates flydubai’s trust in AAR and its recognition of the value AAR’s supply chain services bring to the Middle East’s fastest growing airline.

“AAR has been a key partner and we would like to thank them for the support they have provided to our fleet over a number of years,” said Mick Hills, flydubai Senior Vice President, Engineering and Maintenance. “We look forward to working with them on this key component of our Engineering and Maintenance Programme.”

“We are excited to continue supporting flydubai and we look forward to growing our partnership as it continues to expand its service in the years ahead,” said Nicholas Gross, AAR Senior Vice President Integrated Solutions. “AAR is proud to partner with flydubai as it pursues its mission to open up opportunities for travel, tourism and trade.”

To learn more about AAR´s Integrated Solutions, please visit https://www.aarcorp.com/integrated-solutions/commercial-solutions/.

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 two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.

About flydubai
From its home in Dubai, flydubai has created a network of more than 90 destinations served by a fleet of 54 aircraft. Since commencing operations in June 2009, flydubai has been committed to removing barriers to travel, creating free flows of trade and tourism and enhancing connectivity between different cultures across its ever-expanding network.

flydubai has marked its journey with a number of milestones:

An expanding network: Created a network of more than 95 destinations in 50 countries across Africa, Central Asia, the Caucasus, Central and South-East Europe, the GCC and the Middle East, and the Indian Subcontinent.

Serving underserved markets: Opened more than 70 new routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.

An efficient single fleet-type: Operates a single fleet-type of 54 Boeing 737 aircraft and includes: 36 Next-Generation Boeing 737-800, 15 Boeing 737 MAX 8 and 3 Boeing 737 MAX 9 aircraft.

Enhancing connectivity: Carried more than 75 million passengers since it began operations in 2009.

For latest news, please visit the flydubai Newsroom.

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 which reflect management’s expectations about future conditions, including statements about the agreement with flydubai, the ability to grow further in the Middle East, and help airlines increase operational efficiencies. 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.