AAR Named Preferred Global Distributor for Zodiac Aerospace Water and Waste Product Lines
WOOD DALE, Ill., Oct. 17, 2018 /PRNewswire/ -- AAR (NYSE: AIR), a global provider of aviation services, will partner with Zodiac Aerospace to distribute their water and waste product portfolio to the global airline, MRO and supporting markets effective November 1, 2018. Under this agreement, AAR will use analytics to proactively develop opportunities enhancing the success of Zodiac Aerospace's commercial aerospace customer base. AAR will stock material throughout the Company's worldwide warehouse network with locations in Chicago, Germany, Dubai, Singapore and Shanghai. AAR's expertise in inventory management, customer service and AOG support will provide the airline market decreased lead times on Zodiac's flight critical components.
"Zodiac Aerospace Services and AAR have worked closely for a long time. We are very excited about the potential of the new combined organization and look forward to benefiting from AAR's global footprint as well as its service to airlines and customers on Zodiac Water & Waste parts," said Guillaume Bunoz, EVP Product Management, Business Development & Marketing for Zodiac Aerospace Services.
"AAR is excited to partner with Zodiac Aerospace. We expect this agreement to further enhance the customer service offered to customers worldwide, while maximizing sales opportunities for Zodiac Aerospace Services," said Eric Young, Senior Vice President, OEM Solutions, AAR.
About Zodiac Aerospace & Zodiac Aerospace Services
Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircraft, helicopters and spacecraft. It develops and manufactures state-of-the-art solutions to improve comfort and well-being on board aircraft, and high-technology systems to increase aircraft performance and flight safety. Since February 2018, Zodiac Aerospace is a Safran company.
Zodiac Aerospace Services is the dedicated aftermarket and services organization of the Zodiac Aerospace Group. Committed to deliver the best performance and services, Zodiac Aerospace Services offers a global distribution network of spare parts and components, maintenance of equipment manufactured by the Zodiac Aerospace Group, customized support services for airline operators and dedicated technical support. Based in the United States, Europe, the Middle East, Asia and Australia, Zodiac Aerospace Services provides 24/7 AOG spare services to airlines and operators around the world.
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 parts supply; OEM parts distribution; supply chain programs; customer fleet management and operations; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR's Expeditionary Services include mobility systems; command and control centers in support of military and humanitarian missions; and composite manufacturing operations. Additional information can be found at www.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.
SOURCE AAR
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