Airinmar signs repair cycle management services extension with Singapore Airlines
AAR CORP.'s subsidiary Airinmar has extended its repair cycle management services contract with Singapore Airlines. The agreement covers Airinmar's full scope of services, including repair order management, quote management, turnaround time (TAT) management, repair cost value engineering, component warranty recovery, and TAT guarantee enforcement. Airinmar will continue using its proprietary online systems to optimize Singapore Airlines' repair order status management and consolidate repair quotations.
Airinmar has been providing these services to Singapore Airlines since 2005. The extension aims to support the airline with repair cost reduction and component availability across their passenger and cargo fleets. Matt Davies, Airinmar's General Manager, expressed pride in delivering their full range of services to Singapore Airlines and continuing their long-term relationship.
AAR CORP. ha esteso il contratto per i servizi di gestione del ciclo di riparazione della sua sussidiaria Airinmar con Singapore Airlines. L'accordo copre l'intera gamma di servizi di Airinmar, inclusi gestione degli ordini di riparazione, gestione dei preventivi, gestione dei tempi di consegna (TAT), ingegneria dei costi di riparazione, recupero della garanzia sui componenti e applicazione della garanzia TAT. Airinmar continuerà a utilizzare i suoi sistemi online proprietari per ottimizzare la gestione dello stato degli ordini di riparazione di Singapore Airlines e consolidare i preventivi di riparazione.
Airinmar fornisce questi servizi a Singapore Airlines dal 2005. L'estensione mira a supportare la compagnia aerea nella riduzione dei costi di riparazione e nella disponibilità dei componenti per le loro flotte passeggeri e cargo. Matt Davies, Direttore Generale di Airinmar, ha espresso orgoglio nel fornire la loro gamma completa di servizi a Singapore Airlines e nel continuare la loro relazione a lungo termine.
AAR CORP. ha ampliado su contrato de servicios de gestión del ciclo de reparación a través de su filial Airinmar con Singapore Airlines. El acuerdo abarca el alcance completo de servicios de Airinmar, incluyendo gestión de pedidos de reparación, gestión de cotizaciones, gestión del tiempo de respuesta (TAT), ingeniería de costes de reparación, recuperación de garantía de componentes y aplicación de garantías TAT. Airinmar continuará utilizando sus sistemas en línea propietarios para optimizar la gestión del estado de los pedidos de reparación de Singapore Airlines y consolidar las cotizaciones de reparación.
Airinmar ha estado proporcionando estos servicios a Singapore Airlines desde 2005. La extensión tiene como objetivo apoyar a la aerolínea en la reducción de costos de reparación y en la disponibilidad de componentes en sus flotas de pasajeros y carga. Matt Davies, Director General de Airinmar, expresó su orgullo por ofrecer su gama completa de servicios a Singapore Airlines y por continuar su relación a largo plazo.
AAR CORP.의 자회사인 Airinmar가 Singapore Airlines와의 수리 주기 관리 서비스 계약을 연장했습니다. 이 계약은 Airinmar의 전체 서비스 범위를 포함하며, 수리 주문 관리, 견적 관리, 전환 시간(TAT) 관리, 수리 비용 가치 공학, 부품 보증 회수, 그리고 TAT 보장 집행을 포함합니다. Airinmar는 Singapore Airlines의 수리 주문 상태 관리를 최적화하고 수리 견적을 통합하기 위해 이 자사의 독점 온라인 시스템을 계속 사용할 것입니다.
Airinmar는 2005년부터 Singapore Airlines에 이러한 서비스를 제공하고 있습니다. 이번 연장은 항공사가 여객 및 화물 플릿의 수리 비용 절감과 부품 가용성을 지원하는 것을 목표로 하고 있습니다. Airinmar의 매트 데이비스 총괄 매니저는 Singapore Airlines에게 전체 서비스 범위를 제공하고 장기적인 관계를 지속하게 되어 자부심을 느낀다고 표현했습니다.
AAR CORP. a prolongé son contrat de services de gestion du cycle de réparation via sa filiale Airinmar avec Singapore Airlines. L'accord couvre l'ensemble des services d'Airinmar, y compris gestion des commandes de réparation, gestion des devis, gestion des temps de réponse (TAT), ingénierie des coûts de réparation, récupération des garanties de composants et application des garanties TAT. Airinmar continuera d'utiliser ses systèmes en ligne propriétaires pour optimiser la gestion du statut des commandes de réparation de Singapore Airlines et consolider les devis de réparation.
Airinmar fournit ces services à Singapore Airlines depuis 2005. La prolongation vise à soutenir la compagnie aérienne dans la réduction des coûts de réparation et la disponibilité des composants pour ses flottes de passagers et de fret. Matt Davies, directeur général d'Airinmar, a exprimé sa fierté de fournir l'ensemble de leurs services à Singapore Airlines et de continuer leur relation à long terme.
AAR CORP. hat den Vertrag mit ihrer Tochtergesellschaft Airinmar über die Dienstleistungen zur Verwaltung des Reparaturzyklus mit Singapore Airlines verlängert. Die Vereinbarung umfasst das gesamte Leistungsspektrum von Airinmar, einschließlich Management von Reparaturaufträgen, Management von Angeboten, Management der Durchlaufzeiten (TAT), Kostenengineering für Reparaturen, Rückgewinnung von Garantien für Komponenten und Durchsetzung von TAT-Garantien. Airinmar wird weiterhin seine proprietären Online-Systeme nutzen, um das Management des Status von Reparaturaufträgen bei Singapore Airlines zu optimieren und Reparaturangebote zu konsolidieren.
Airinmar bietet diese Dienstleistungen seit 2005 für Singapore Airlines an. Die Verlängerung zielt darauf ab, die Fluggesellschaft bei der Kostensenkung von Reparaturen und der Verfügbarkeit von Komponenten für ihre Passagier- und Frachtflotten zu unterstützen. Matt Davies, der General Manager von Airinmar, äußerte Stolz darüber, das vollständige Leistungsspektrum von Airinmar für Singapore Airlines anbieten zu können und die langfristige Beziehung fortzusetzen.
- Extension of long-term contract with Singapore Airlines since 2005
- Comprehensive service offering including repair cost reduction and component availability optimization
- Utilization of proprietary online systems for improved efficiency
- None.
Insights
This contract extension between Airinmar and Singapore Airlines is a positive development for AAR CORP (NYSE: AIR). While specific financial terms aren't disclosed, long-term service agreements like this provide stable revenue streams and strengthen client relationships. The comprehensive scope of services, including repair cycle management and cost reduction initiatives, suggests potential for ongoing value creation.
The longevity of the partnership, dating back to 2005, indicates strong client satisfaction and Airinmar's competitive edge in the aviation services sector. This extension could positively impact AAR's MRO (Maintenance, Repair and Overhaul) segment, which is a significant contributor to the company's overall revenue.
For investors, this news signals business stability and the potential for incremental growth in AAR's aviation services portfolio. However, the overall impact on AAR's financials may be given the company's
The extension utilizes Airinmar's full scope of repair cycle management services, including repair order, quote, and turnaround time (TAT) management; repair cost value engineering; component warranty recovery; and TAT guarantee enforcement. Airinmar will also continue using its proprietary online systems to optimize Singapore Airlines' repair order status management and consolidate repair quotations.
"Airinmar has provided repair cycle management services and systems to Singapore Airlines since 2005 and is delighted to continue our long-term relationship," said Matt Davies, Airinmar's General Manager. "We are proud to successfully deliver our full range of services to support the airline with repair cost reduction and component availability across their passenger and cargo fleets."
For more information on Airinmar's industry-leading services, visit https://www.airinmar.com/.
About Airinmar
Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for over 35 years through the delivery of its tailored component repair and warranty management support services, which deliver reduced repair expenditure, improved component availability, and enhanced operational efficiencies. Airinmar is a subsidiary of global aviation aftermarket leader AAR. Additional information can be found at https://www.airinmar.com/.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
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 extended 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 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. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in 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 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. |
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SOURCE Airinmar
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