AAR continues to grow business and capabilities with Air New Zealand

AAR has committed to significantly increasing the volume of contracted component repairs with Air New Zealand. In a 10-year agreement, AAR designated Air New Zealand’s component center as its Asia Pacific MRO of choice. This is the latest example of AAR’s commitment to grow and strengthen its partnership with Air New Zealand, the country’s flag carrier airline. After successfully implementing a long-term repair contract signed in January 2017, AAR and Air New Zealand have moved to another level of component repair collaboration, providing both parties with an opportunity for parallel growth. As AAR’s component support agreement customer base has increased, so has the Company’s need for a more global repair network. And Air New Zealand will benefit from AAR’s relationships with other operators. Early this year, AAR and Air New Zealand signed a significant agreement that establishes a component inventory and repair partnership with AAR in the growing Asia-Pacific region with an AAA-rated carrier. It also marks AAR’s first PBH agreement solely focused on the B777 aircraft, the flagship carrier and international workhorse connecting New Zealand to the rest of the world.