Airinmar selected by Air Methods for warranty and value engineering services
August 03 2020 - 3:05PM
AAR (NYSE: AIR) subsidiary Airinmar, the top global independent
provider of component repair cycle management and aircraft warranty
solutions, signed a new services agreement with the world’s largest
civilian helicopter operator, Air Methods.
Airinmar’s services will include the identification, claim,
recovery and reporting of rotorcraft/aircraft component warranty.
Airinmar will compliment Air Methods’ existing processes and apply
its proven procedures, support systems and skilled technical staff.
With this partnership, Air Methods will also benefit from
Airinmar’s value engineering of costs associated with the repair
process, including price quotes from suppliers and service vendors.
Based on the data analyses and findings, Airinmar identifies cost
reductions, as well as process improvements.
“Airinmar’s reputation for effective warranty management, value
engineering and ability to customize solutions for our unique fleet
makes this partnership important in helping us execute on our
operational goals,” said Jay Mahen, Air Methods VP of Supply Chain.
“By complementing our team with these cost control services, we
will be continuing to optimize our supply chain to provide safe and
reliable lifesaving emergency air medical care 24/7/365.”
“We are proud to be providing tailored cost control services to
the world’s largest civilian helicopter operator,” said Matt
Davies, Airinmar General Manager. “Our service will fit efficiently
within Air Methods’ operation at over 300 locations and assist in
the reduction of its annual component repair costs.”
For more information on Airinmar’s industry-leading warranty
solutions, click here.
# # #
About AAR AAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area, AAR supports commercial and
government customers through two operating segments: Aviation
Services and Expeditionary Services. AAR’s Aviation Services
include Parts Supply; OEM Solutions; Integrated Solutions; and
Maintenance, Repair and Overhaul (MRO) Services. AAR’s
Expeditionary Services include Mobility Systems and Composite
Manufacturing operations. Additional information can be found at
www.aarcorp.com.
About Airinmar Airinmar has supported airlines, MROs,
OEMs, helicopter operators and military programs for more than 35
years through the delivery of its tailored component repair and
warranty management support services, which deliver reduced repair
expenditure, improved component availability and enhance
operational efficiencies. Airinmar is a subsidiary of global
aviation aftermarket leader AAR (NYSE: AIR).
About Air Methods Corporation Air Methods
(www.airmethods.com) is the leading air medical service, delivering
lifesaving care to more than 70,000 people every year. With nearly
40 years of air medical experience, Air Methods is the preferred
partner for hospitals and one of the largest community-based
providers of air medical services. United Rotorcraft is the
Company’s products division specializing in the design and
manufacture of aeromedical and aerospace technology. Air Methods’
fleet of owned, leased or maintained aircraft features more than
450 helicopters and fixed wing aircraft
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.
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,
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, 2020. 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. |
Daniela Pietsch
AAR Corp
+1 630 227 5100
editor@aarcorp.com
AAR (NYSE:AIR)
Historical Stock Chart
From Apr 2024 to May 2024
AAR (NYSE:AIR)
Historical Stock Chart
From May 2023 to May 2024