Berkshire, England, Sept. 29, 2022 (GLOBE NEWSWIRE) — Airinmar, a subsidiary of AAR (NYSE: AIR), a leading independent provider of aircraft component repair cycle and warranty management solutions, has signed a new services agreement with low-cost Philippines-based carrier Cebu Pacific.
Airinmar will provide Cebu Pacific with a full range of support services covering both aircraft warranty management and value engineering. Warranty management services will include the identification, claim and recovery of multiple airframe, engine and component warranty rights provided by aircraft manufacturers and their suppliers. Value engineering services will include cost monitoring to ensure compliance with Cebu contracted component repairs and to minimize component repair costs outside of flight hours range. The services provided by Airinmar will complement Cebu’s existing materials management activities and focus on maximizing the recovery of Cebu’s warranty rights and reducing the cost of repairing components.
“Airinmar’s renowned warranty management and value engineering services, along with its ability to achieve cost savings and recover credits, will support the effective management of our maintenance expenses as we expand our aircraft fleet,” said Shevantha Weerasekera, Senior Advisor/Vice President, Engineering and Maintenance for Cebu. “Airinmar’s ability to customize its solutions to our business needs will allow us to relentlessly pursue new ideas and better solutions.”
“We are proud to provide Airinmar’s services and look forward to delivering results for Asia’s oldest low-cost airline,” said Matt Davies, Airinmar’s Managing Director. “With 77 aircraft in service and 49 more on order, we are excited to contribute to the growth and success of Cebu Pacific over the coming years.”
For more information on Airinmar’s industry-leading solutions, visit aarcorp.com/airinmar/.
Airinmar has been supporting airlines, MROs, OEMs, helicopter operators and military programs for over 35 years with the provision of its customized component repair and warranty management services, which reduce repair expenses, improve component availability and improve operational efficiency. Airinmar is a subsidiary of global aviation aftermarket leader AAR (NYSE: AIR). Additional information is available at aarcorp.com/airinmar/.
About the RAA
AAR is a global aerospace and defense aftermarket company with operations in more than 20 countries. Based in the Chicago area, AAR supports commercial and government customers through two operating segments: aeronautical services and expeditionary services. AAR’s aviation services include parts supply; OEM solutions; Integrated solutions; and maintenance, repair and overhaul (MRO) services. AAR Expeditionary Services includes Mobility Systems Operations. Additional information is available at aarcorp.com.
About Cebu Pacific
Cebu Pacific (PSE:CEB) entered the Philippine aviation industry 26 years ago and is now the largest airline in the country with its “low fare, great value” strategy. It offers the most extensive network in the Philippines, with flights covering Asia and the Middle East. One of the youngest fleets in the world, its fleet of 77 aircraft is made up of Airbus and ATR aircraft, which includes its two ATR freighters. For more information, visit www.cebupacificair.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, which reflect management’s expectations regarding future conditions. Forward-looking statements can also be identified because they contain words such as ”anticipate” ”believe” ”continue” ”could” ”estimate” ”expect” ”intent” ‘ ”likely” ”may” ”could” ”plan” ”potential” ”predicted” ”project” ”seek” ”should” ”target’ ‘ ”will fly” ”would” or similar expressions and the negations of these terms. These forward-looking statements are based on the beliefs of the Company’s 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 materially differ from historical or anticipated results. . For a discussion of these and other risks and uncertainties, see the “Risk Factors” section of 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 could differ materially from those described. These events and uncertainties are difficult or impossible to predict with precision and many of them are beyond the Company’s control. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.|