AAR (NYSE: AIR) announced today that it has partnered with Gulf Technics to provide an integrated supply chain and component repair solution for Gulf Air, the national carrier of the Kingdom of Bahrain. Work on the five-year program commenced in April 2011
The partnership will combine parts supply, component repair, distribution, information technology, and logistics capabilities to help Gulf Air cost-effectively and safely operate its Airbus fleet. AAR and Gulf Technics will manage the rotable components supply chain for fourteen A320, ten A330 and four A340 aircraft.
In addition to the rotable program, AAR and Gulf Technics (GT) are exploring a joint supply chain and component repair capability, outlined in an LOA signed by both companies in March 2011.
"This program builds upon the excellent relationship AAR and GT have established with Gulf Air in support of their operations and will leverage our extensive planning, inventory management, technical and testing capabilities," said John Holmes, Division President, AAR Allen Asset Management. "As we focus on executing the program, we are also working closely with GT to develop a joint supply chain and component repair capability to serve Gulf Air, as well as other Airbus operators in the Middle East and North Africa."
"GT is equally excited by this achievement. We strive to provide a fantastic program for Gulf Air and Bahrain. The partnership with AAR will bring direct benefit to Gulf Air, as well as to the economy and technical sector in Bahrain. This program is only the launch pad for a greater endeavor to establish a competitive aviation asset management hub in Bahrain," said Ahmed Elnenaey, Head of Research and Business development at GT.
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