WOOD DALE, Ill., Jan. 19 /PRNewswire-FirstCall/ -- AAR (NYSE: AIR) announced today that it has signed a two-year agreement with Hawaiian Airlines, Inc. to provide maintenance, repair and overhaul services for the airline's Boeing 717 aircraft.
AAR will perform 10-year checks on 12 of Hawaiian's Boeing 717s and paint certain aircraft before they are returned to service. The aircraft will be flown from Hawaiian's base in Honolulu to AAR Aircraft Services – Miami, AAR's full-service maintenance and modifications facility located at Miami International Airport, where the work will be performed. AAR has previously provided landing gear repair services and performed short-term maintenance work for Hawaiian Airlines.
"We're pleased to expand our relationship with Hawaiian and include them among our regular heavy maintenance customers," said Donald J. Wetekam, Group Vice President for AAR's MRO operating segment. "We look forward to leveraging our experience with the 717 airframe to provide highly efficient maintenance services that minimize downtime and maximize the availability of Hawaiian's aircraft."
AAR leverages its diverse MRO, engineering and logistics capabilities to offer airlines customized, integrated solutions that lower costs, increase asset availability and ensure high levels of quality, safety and service. With heavy maintenance facilities located throughout the United States, AAR is the second largest independent MRO provider in North America and ranks among the top ten in the world.
Founded in 1929, Hawaiian Airlines carries 8 million passengers a year to 19 domestic and international destinations in the Pacific region.
AAR is a leading provider of products and value-added services to the worldwide aviation/aerospace industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through three operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul and Structures and Systems. More 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 May 31, 2009 Form 10-K. 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.