Airinmar secures 3-year value engineering contract with JetBlue

Airinmar, a subsidiary of UK-based AAR (NYSE: AIR) subsidiary Airinmar, has announced it has signed a three-year agreement with JetBlue to provide component Value Engineering cost oversight services for the airline´s Airbus and Embraer fleets, the company said.

The agreement covers the provision of Airinmar´s unique Value Engineering knowledge and expertise, along with in-house support systems across a wide range of JetBlue´s aircraft components. Under the scope of the services, Airinmar will assess repair costs to assure compliance with JetBlue´s contracted pricing terms, under either component flight-hour or fixed-pricing terms, as well as the cost evaluation of time and material quoted repairs.

Airinmar is a global independent provider of component repair cycle management and aircraft warranty solutions.

AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries.

JetBlue is New York´s Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the US, Caribbean, and Latin America with an average of more than 1,000 daily flights.