BERKSHIRE, England,
July 24, 2019 /PRNewswire/
-- AAR (NYSE: AIR) subsidiary Airinmar, the global leader in
component repair cycle management and aircraft warranty solutions,
has signed a three-year agreement with Smartwings, the largest
Czech airline, to provide component Value Engineering Services for
maximum cost savings.
In May, Airinmar began applying its Value Engineering expertise
and in-house support systems to identify and deliver opportunities
to reduce the cost of maintenance on a wide range of aircraft
equipment, including landing gear, nacelles, avionics,
hydro-mechanical, actuation, interior components and
more.
Airinmar's Value Engineering Services analyzes all costs
associated with the repair process, including price quotes from
suppliers and service vendors, labor, flight-hour agreements, and
power-by-the-hour (PBH) pricing and warranties. Based on the data
analyses and findings, Airinmar identifies for cost reductions, as
well as process improvements.
"This new partnership with Airinmar will support us with
efficiently managing our maintenance spend on our growing fleet
while maintaining our high levels of operational performance," said
Petr Hutla, Smartwings Head of Logistics.
"We are proud to be providing our Value Engineering Services as
a standalone product to one of the fastest growing airlines in
Central Europe," said Matt Davies, Airinmar General Manager. "We're
ready to assist Smartwings in the reduction of its annual component
repair costs using our unique expertise, support systems and robust
Value Engineering techniques."
For more information on Airinmar's industry-leading component
repair services and solutions, click here.
About Airinmar
Airinmar offers a wide range of
component repair and warranty management support services that
reduce maintenance expenditure and enhance part availability. The
leading dedicated repair management solutions provider in the
world, Airinmar has supported airlines, MROs, OEMs and military
operations for more than 30 years through the integration of its
proprietary systems, engineering expertise and supply management
solutions. Airinmar is a subsidiary of global aviation aftermarket
leader AAR (NYSE: AIR).
About AAR
AAR is a global aerospace and defense
aftermarket solutions company that employs more than 6,000 people
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;
maintenance, repair, overhaul; and engineering. AAR's Expeditionary
Services include mobility systems and composite manufacturing
operations. Additional information can be found at
www.aarcorp.com.
About Smartwings
Smartwings is the largest Czech
airline and one of the fastest growing airlines in Central Europe. It belongs to the Smartwings
Group. Smartwings operates scheduled flights, charter flights and
private flights in the business jet category. In addition to the
Czech Republic, it also operates
in the Slovak Republic, Poland,
Hungary and Germany, where it has subsidiaries. The
regular air links of Smartwings offer more than 100 destinations
not only in Europe. Most flights
operate in cooperation (code share) with Czech Airlines, which is
also part of the Smartwings Group. Smartwings flies not only the
clients of travel agencies on chartered flights, but flights are
also ordered by renowned international companies, and by global,
humanitarian and sports organizations. Smartwings is certified IOSA
(IATA Operational Safety Audit), representing the most advanced
standards of operational safety and quality in air transport.
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.
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SOURCE AAR