AAR wins component support, repair contract from ASL Aviation Holdings

Wood Dale, Illinois-based AAR (NYSE: AIR) has been awarded a multi-year power-by-the-hour component support contract from ASL Aviation Holdings, the company said.

The new contract for ASL Group´s airlines includes component support and repair for approximately 100 passenger and cargo aircraft, including ATR aircraft. AAR will support the contract with inventory purchased from ASL subsidiary ACLAS Global, which will be incorporated into AAR´s existing global supply chain network located in Brussels, Hannover, and Singapore.

A new ATR team will be based in the UK to serve ATR customer parts requirements globally. The ATR is a regional aircraft with more than 1,300 delivered to operators across the globe.

AAR is a global aftermarket solutions company that employs more than 4,500 people in over 20 countries. The company 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.

ASL Aviation Holdings, formerly ASL Aviation Group, currently has operations on all 7 continents and has 2,500 staff from 51 nationalities in 20 countries. the company provides ACMI services to the express freight integrator and postal industries, and also operates passenger flights on an ACMI basis and under its own brands. The group has 6 airlines in Europe and both passenger and cargo airlines in South Africa and Asia.