Air Canada, AAR Conclude CAD 500m Agreement for Airframe Maintenance

Global aviation services leader AAR CORP. (NYSE: AIR) and Air Canada (TSX: AC) has announced they have signed a 10-year agreement to provide airframe maintenance for the airline´s Airbus narrow-body fleet of A319, A320 and A321 aircraft, as well as a new five-year agreement for Air Canada´s Embraer E-190 fleet, the companies said.

AAR will perform the work at its Maintenance, Repair and Overhaul (MRO) facility at Trois-Rivières Airport in Québec, previously known as Premier Aviation.

The work to be performed on Air Canada´s fleet of 125 narrow bodies will require approximately 350 aircraft mechanics at AAR´s Trois-Rivières facility. The total value of the contract over its term is estimated to be approximately CAD 500 million.

In addition to those in Canada, AAR´s award-winning MRO network includes airframe maintenance facilities in Indianapolis, Indiana; Miami, Florida; Oklahoma City, Oklahoma; Duluth, Minnesota; and Rockford, Illinois, as well as component repair facilities in New York and Amsterdam; and landing gear services in Miami. Across these sites, AAR provides industry-leading maintenance, repair and overhaul for regional, narrow-body and wide-body aircraft operators. AAR is the largest MRO services provider in the Americas and third worldwide.

Air Canada is Canada´s largest domestic and international airline serving more than 200 airports on six continents. Canada´s flag carrier is among the 20 largest airlines in the world and in 2016 served close to 45 million customers. Air Canada provides scheduled passenger service directly to 64 airports in Canada, 57 in the United States and 96 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central America and South America. Air Canada is a founding member of Star Alliance, the world´s most comprehensive air transportation network serving 1,300 airports in 191 countries. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2017 Best Airline in North America. For more information, visit: www.aircanada.com.