May 12, 2016
AAR to Provide PBH Services to Africa’s Award-Winning, Low-Cost Carrier
fastjet selects global aftermarket leader to support its A319 fleet
WOOD DALE, Illinois – AAR (NYSE: AIR), a leading provider of aviation aftermarket services to the world’s airlines, has extended its reach in Africa further with a contract to provide power-by-the-hour (PBH) component inventory management and repair services to fastjet. The long-term agreement with the award-winning, low-cost airline illustrates the global reach of AAR’s supply chain capabilities.
The contract encompasses nose-to-tail management of components and repairs for fastjet’s A319 airframes. To service fastjet’s fleet, AAR will:
- Draw from its global warehouse network, with a primary parts pool in Brussels. AAR also will leverage its digital supply chain and relationships with original equipment manufacturers (OEMs) for parts procurement and exchange.
- Deploy its proprietary predictive-maintenance software to ensure the right parts are in the right place at the right time. The goal is to minimize aircraft-on-ground-time at fastjet’s home base in Dar es Salaam, Tanzania, as well as its other locations.
fastjet, which began operations in 2012, recently celebrated its 2 millionth passenger served, a milestone reached just 15 months after the airline hit the 1 millionth passenger mark. The operator has flown more than 21,800 flights domestically and internationally, some for as little as $10 one-way, and recently expanded its fleet. In April, fastjet was named Africa's Leading Low-Cost Airline at the 23rd Annual World Travel Awards in Zanzibar, Tanzania.
“As fastjet expands, it needs a reliable fleet and a partner that can help minimize maintenance costs,” said Deepak Sharma, president, AAR international supply chain. “fastjet recognized that AAR has the bandwidth and expertise to access parts and perform repairs with maximum efficiency and effectiveness.”
“This contract reinforces AAR’s growing partnerships in Africa and our ability to cater to both low-cost and full-service operators,” said John Holmes, chief operating officer, AAR Aviation Services.“One of the many strengths of our global team is an ability to tailor solutions to each customer’s unique needs.”
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Contact
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com
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. 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, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. 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. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
Related news
See all
April 03, 2025
AAR completes sale of Landing Gear Overhaul business
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.
April 02, 2025
AAR named Top Shop for Best Total Solutions Provider Repair by The145.com
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been named a Top Shop for Best Total Solutions Provider Repair by The145.com. Top Shop awards are presented to maintenance, repair, and overhaul facilities that strive to consistently deliver unmatched quality and seamless customer support. The Best Total Solutions Provider Repair is awarded to the company that offers the best full suite of comprehensive, high-quality solutions and nose-to-tail life cycle services for its customers’ specific needs.
March 31, 2025
AAR earns Great Place To Work Certification
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced it has been Certified™ by Great Place To Work®. The prestigious award is based entirely on what current employees say about their experience. At AAR, 72% of employees said it’s a great place To Work – 15 points higher than the average U.S. company.
