AAR announces extension and expansion of Alaska Airlines MRO relationship, expected facility expansion in Oklahoma City
07 Diciembre 2023 - 6:00AM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, announced
today it has signed an agreement to extend the Company’s existing
airframe MRO services with Alaska Airlines through 2030 and expand
its heavy maintenance partnership.
AAR has committed to growing its dedicated airframe narrowbody
capacity to provide Alaska Airlines with a minimum of six lines of
maintenance support. To support this, AAR plans to add a new
three-bay hangar adjacent to its existing seven-bay facility at
Will Rogers World Airport in Oklahoma City, pending final approval
by the Oklahoma City Airport Trust. The proposed new hangar will
provide AAR an additional 85,000 square feet of MRO space to
accommodate all 737 variants, including the 737-10. The project is
anticipated to be funded by a grant from the State of Oklahoma, as
well as rent concessions over time from Will Rogers World
Airport.
The facility expansion is projected to create more than 200
additional careers at AAR in Oklahoma City, which the Company
expects to fill through its robust workforce development
initiatives.
“AAR has supported Alaska Airlines for more than 20 years, and
we are eager to continue deepening our partnership with AAR,” said
Don Wright, VP Maintenance and Engineering of Alaska Airlines.
“AAR’s facility expansion aligns with our strategic MRO initiatives
related to our growing fleet of all Boeing 737 variants.”
“Alaska Airlines is our longest-tenured Airframe MRO customer.
We are exceptionally proud of our long history together,” said John
M. Holmes, Chairman, President and CEO of AAR. “Like the expansion
we announced in Miami this summer, our planned Oklahoma facility
expansion will create opportunities to enhance our positive impact
on the community by creating additional careers in aviation. We are
thankful for the support of partners like Oklahoma City Airport
Trust that help make this possible.”
For more information on AAR, visit aarcorp.com.
About AARAAR 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 four operating segments: Parts Supply,
Repair & Engineering, Integrated Solutions, and Expeditionary
Services. Additional information can be found at
aarcorp.com.--About Alaska AirlinesAlaska Airlines and our
regional partners serve more than 120 destinations across the
United States, Belize, Canada, Costa Rica and Mexico with new
service to the Bahamas and Guatemala beginning in December. We
strive to be the most caring airline with award-winning customer
service and an industry-leading loyalty program. As a member of the
oneworld alliance, and with our additional global partners,
our guests can travel to more than 1,000 destinations on more than
25 airlines while earning and redeeming miles on flights to
locations around the world. Learn more about Alaska at
news.alaskaair.com and follow @alaskaairnews for news and stories.
Alaska Airlines and Horizon Air are subsidiaries of Alaska Air
Group.
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 expected activities and benefits under the extended and
expanded services agreement; the approval, funding and completion
of the expansion of the Company’s facility at Will Rogers World
Airport in Oklahoma City; and the creation of careers in connection
with the expansion. 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. |
Media Team
AAR CORP.
+1-630-227-5100
Editor@aarcorp.com
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