AAR (NYSE: AIR) has expanded its global footprint by signing a multi-year component support agreement with Viva Colombia and Viva Air Peru, the company said.
AAR will be providing pool support to affiliate airlines within the Viva LatinAmerica group including VivaColombia, Colombia´s first low-cost carrier, and the newly established low-cost carrier Viva Air in Peru. AAR will make inventory available from its facilities in Miami and Chicago, as well as positioning stock in Bogota, Medellin and Lima.
VivaColombia and Air Peru are part of the Irelandia Aviation group, the world´s premier low-cost airline developer, led by Declan Ryan, one of the founders of Ryanair. Irelandia has successfully developed 6 LCCs around the world, namely Ryanair, Allegiant, Tigerair, Viva Aerobus, VivaColombia and Viva Air Peru, which combined have a fleet of over 420 aircraft and have carried more than 1 billion passengers to date.
AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR´s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR´s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions.