LONDON, United Kingdom, February 24, 2014 – AAR (NYSE: AIR) has been awarded a three-year contract from Ireland-based Air Contractors Ltd. to provide component repair and management services for Boeing 757 aircraft operated by Air Contractors in a new cost-per-flight-hour program.
AAR will repair, overhaul, provision and supply components for Air Contractors’ base and line stations. Through increased component availability, AAR will be able to provide faster turn times and reduce repair costs. The work will be performed by AAR’s Aviation Supply Chain group, leveraging the Company’s diverse component repair and inventory management experience and capabilities.
“We were able to offer a flexible, high-value solution to Air Contractors that enables them to ensure high levels of service in support of its expanded transatlantic service,” said Carl Glover, Vice President of European Sales for AAR’s Aviation Supply Chain group. “We appreciate the confidence Air Contractors has shown in us with this new program and look forward to contributing to its efficient operations.”
AAR’s Aviation Supply Chain group offers a full range of products and services, from aftermarket airframe and engine parts to complete end-to-end supply chain management programs. AAR maintains one of the industry’s most extensive inventories of airframe and engine components and is one of the largest providers of flight-hour support. Capitalizing on its international network of distribution and repair centers, and cutting-edge tracking technology, AAR expedites delivery of products and services and customizes solutions for airline, MRO and OEM customers around the world.
About Air Contractors
With more than 40 years of experience, Air Contractors, based in Dublin, has established itself as Europe’s leading aircraft operator for the freight integrator, express parcel and postal markets. During this time, its route network has grown to serve over 90 cities operating more than 13,000 flights per year. Air Contractors announced the launch of its 757 service with Aer Lingus earlier this month.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.