AAR signs new component repair agreement with Cebu Pacific
AAR Corp (NYSE: AIR) has secured a multi-year agreement with Cebu Pacific Air to provide nacelle maintenance, repair, and overhaul services for the airline's A320 fleet equipped with CFM56-5B engines. The work will be conducted at AAR's Component Services facility in Chonburi, Thailand.
This agreement expands AAR's existing relationship with Cebu Pacific, which already includes providing USM engine material for CFM56-5B engine overhauls and warranty management services through AAR's subsidiary Airinmar. The partnership aims to deliver maintenance quality and efficient turnaround times at competitive rates.
AAR Corp (NYSE: AIR) ha ottenuto un accordo pluriennale con Cebu Pacific Air per fornire servizi di manutenzione, riparazione e revisione delle nacelle per la flotta A320 della compagnia aerea, equipaggiata con motori CFM56-5B. Il lavoro sarà svolto presso la struttura di Component Services di AAR a Chonburi, Thailandia.
Questo accordo amplia la relazione esistente tra AAR e Cebu Pacific, che già prevede la fornitura di materiali motore USM per le revisioni dei motori CFM56-5B e servizi di gestione delle garanzie tramite la sussidiaria di AAR, Airinmar. La partnership mira a garantire qualità nella manutenzione e tempi di risposta efficienti a tariffe competitive.
AAR Corp (NYSE: AIR) ha asegurado un acuerdo de varios años con Cebu Pacific Air para proporcionar servicios de mantenimiento, reparación y revisión de nacelles para la flota A320 de la aerolínea equipada con motores CFM56-5B. El trabajo se llevará a cabo en la instalación de Component Services de AAR en Chonburi, Tailandia.
Este acuerdo amplía la relación existente de AAR con Cebu Pacific, que ya incluye la provisión de materiales de motor USM para las revisiones de motores CFM56-5B y servicios de gestión de garantías a través de la subsidiaria de AAR, Airinmar. La asociación tiene como objetivo ofrecer calidad en el mantenimiento y tiempos de respuesta eficientes a tarifas competitivas.
AAR Corp (NYSE: AIR)는 Cebu Pacific Air와 다년 계약을 체결하여 CFM56-5B 엔진이 장착된 항공사의 A320 기단에 대한 나셀 유지보수, 수리 및 정비 서비스를 제공하게 됩니다. 이 작업은 태국 촌부리의 AAR의 부품 서비스 시설에서 수행될 것입니다.
이 계약은 AAR와 Cebu Pacific 간의 기존 관계를 확장하며, 이미 CFM56-5B 엔진 정비를 위한 USM 엔진 자재 제공 및 AAR의 자회사인 Airinmar를 통한 보증 관리 서비스를 포함하고 있습니다. 이 파트너십은 경쟁력 있는 요금으로 유지보수 품질과 효율적인 전환 시간을 제공하는 것을 목표로 합니다.
AAR Corp (NYSE: AIR) a conclu un accord pluriannuel avec Cebu Pacific Air pour fournir des services de maintenance, de réparation et de révision des nacelles pour la flotte A320 de la compagnie aérienne équipée de moteurs CFM56-5B. Les travaux seront réalisés dans l'établissement de services de composants d'AAR à Chonburi, en Thaïlande.
Ce contrat élargit la relation existante d'AAR avec Cebu Pacific, qui comprend déjà la fourniture de matériel moteur USM pour les révisions de moteurs CFM56-5B et des services de gestion de garantie via la filiale d'AAR, Airinmar. Le partenariat vise à offrir une qualité de maintenance et des délais de réponse efficaces à des tarifs compétitifs.
AAR Corp (NYSE: AIR) hat einen mehrjährigen Vertrag mit Cebu Pacific Air abgeschlossen, um Wartungs-, Reparatur- und Überholungsdienste für die A320-Flotte der Fluggesellschaft, die mit CFM56-5B-Triebwerken ausgestattet ist, bereitzustellen. Die Arbeiten werden in der Komponentendienststelle von AAR in Chonburi, Thailand, durchgeführt.
Dieses Abkommen erweitert die bestehende Beziehung zwischen AAR und Cebu Pacific, die bereits die Bereitstellung von USM-Triebwerksmaterial für die Überholungen von CFM56-5B-Triebwerken und Garantieverwaltungsdienste über die Tochtergesellschaft von AAR, Airinmar, umfasst. Die Partnerschaft zielt darauf ab, Wartungsqualität und effiziente Durchlaufzeiten zu wettbewerbsfähigen Preisen zu liefern.
- Secured multi-year agreement for A320 fleet maintenance services
- Expansion of existing business relationship with Cebu Pacific
- Strengthens presence in the growing APAC aviation market
- None.
AAR's longstanding relationship with Cebu Pacific includes supplying USM engine material for the airline's CFM56-5B engine overhauls and providing warranty management and repair cost oversight services through AAR subsidiary Airinmar.
"We are extremely pleased to be continuing our partnership with AAR. They share our values on maintenance quality and turnaround time, provided at a very competitive rate," said Shev Weerasekera, VP of Engineering and Fleet Management for Cebu Pacific Air.
"We're proud to expand our relationship with Cebu Pacific Air through this component repair agreement, where we will provide innovative and timely solutions for their CFM56-5B nacelles," said Jim Berberet, AAR's Senior Vice President of Component Services. "This agreement reflects the strong confidence that operators have in our cost-effective service offerings in the APAC region."
For more information on AAR's Component Services, part of the Company's Repair & Engineering segment, visit https://www.aarcorp.com/en/services/component-services/.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
About Cebu Pacific
Cebu Pacific (CEB),
This press release may contain 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, reflecting management's expectations about future conditions, including anticipated activities and benefits under the agreement. 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 management, as well as assumptions and estimates based on information currently available to management 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 AAR CORP.'s 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 management's control. Management 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. |
Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-signs-new-component-repair-agreement-with-cebu-pacific-302398656.html
SOURCE AAR CORP.
FAQ
What services will AAR (AIR) provide to Cebu Pacific under the new agreement?
Where will AAR (AIR) perform the maintenance work for Cebu Pacific?
What existing services does AAR (AIR) provide to Cebu Pacific?
How will this agreement impact AAR's (AIR) presence in the APAC region?
