AAR Signs Agreement with flydubai to Support Boeing 737 MAX Aircraft

AAR (NYSE: AIR) has expanded its relationship with flydubai by signing a long-term contract to provide comprehensive flight-hour component support for its new Boeing 737 MAX aircraft. The Dubai-based airline is set to take delivery of 100 Boeing 737 MAX 8 aircraft ordered at the 2013 Dubai International Airshow by the end of 2023. This is AAR's first agreement to support the new aircraft and will utilize the company's extensive global supply chain network, including its new parts warehouse in Dubai.

"AAR is honored that flydubai will be AAR's launch customer for the Boeing 737 MAX aircraft," said AAR Chairman and CEO David P. Storch at a signing ceremony in Dubai to mark this important event. "We have been supporting flydubai's current fleet since September 2016, and it is a privilege to be entrusted with this new opportunity."

"As the first customer of the Boeing 737 MAX 8 in the region, we are looking forward to bringing further fuel and operating efficiency to our young modern fleet," said flydubai's CEO Ghaith Al Ghaith. "AAR is a key partner with an enduring commitment to innovation and reliability, and we look forward to continuing our partnership."

"Our imbedded team and proprietary systems enable the fastest possible response times and streamlined operational efficiencies," said John Holmes, President and Chief Operating Officer, AAR. "This is another big win for our Integrated Supply Chain Solutions team who have a done a great job of expanding AAR's flight-hour support services around the world."

Dubai-based flydubai currently has a network of more than 90 destinations in 44 countries. It is committed to opening up previously underserved markets and provides direct links from Dubai to 63 routes that did not previously have direct air links to Dubai, or were not served by a UAE national carrier from Dubai.