AAR Awarded Multi-Year Contract to Provide Component Repair Services for Alaska Airlines

AAR (NYSE: AIR) has been awarded a 10-year contract by Alaska Airlines (Alaska) to provide component repair and management services for its fleet of 87 Boeing 737-700, 800 and 900 aircraft in a new cost-per-flight-hour program.

AAR will test, repair and overhaul components with guaranteed turn times, providing Alaska with reduced repair costs and increased component reliability. AAR has served as a supplier of aircraft maintenance, repair and overhaul services to Alaska since 2002.

"For more than a decade, AAR has provided Alaska with high-value services to operate their fleet cost-effectively and safely," said John Holmes, Division President, AAR Allen Asset Management. "This new program builds upon that long-standing partnership and reflects our successful track record of helping Alaska optimize their aircraft availability. We look forward to providing high levels of service, excellent turn times and cost savings through this new program."

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The agreement covers the repair of high-removal, high-value components across Alaska's entire fleet. The program will be managed by AAR's Aviation Supply Chain group, backed by systems and resources gained through AAR's acquisition of component repair management provider, Airinmar.

Source: AAR Corporation (NYSE: AIR)
Date: Apr 4, 2012