MARCH 20TH, 2017
AAR Signs Landing Gear Contract with IndiGo, a Low-Cost Airline in India
WOOD DALE, Illinois, March 20, 2016 – AAR (NYSE: AIR), a global leader in aviation aftermarket services, has signed an agreement with India’s largest airline, Interglobe Aviation Limited (“IndiGo”), to provide support for landing gear overhaul services. The contract includes up to 49 full ship sets of A320 landing gear, as well as assemblies and subassemblies, for the next five years.
The agreement expands AAR Landing Gear Services’ footprint in the Asia-Pacific region and spearheads a relationship with the growing low-fare carrier, which AAR currently supports through exclusive components upon request. IndiGo currently operates 129 aircraft, which fly to 42 domestic and five international destinations.
AAR Landing Gear Services delivers comprehensive and cost-effective landing gear, wheels and brakes solutions to more than 40 commercial and military aircraft types, narrow-body and wide-body, at its state-of-the-art Miami facility. Services include everything from complete overhauls to minor repairs, component machining, plating and painting. AAR maintains a complete inventory of OEM parts, wheels, brakes and accessories. AAR also offers on-wing service and deploys Tiger Teams to handle on-site situations around the world.
“We are honored to win the trust of IndiGo team to perform the important landing gear overhauls and exchanges,” said Rahul Shah, AAR Senior Vice President, Strategic Growth and Business Development, Asia Pacific, Middle East and Africa. “Our quick turnaround times are one of the reasons we’ve landed several maintenance and repair contracts with low-fare and regional carriers in the past few months.”
“Our landing gear team takes pride in our global agility,” said Scott Ingold, Vice President and General Manager, AAR Landing Gear Services. “We are eager to extend our value proposition to a key player in one of the most important aviation markets in the world today.”
IndiGo’s Chief Aircraft Acquisition & Financing Officer, Mr. Riyaz Peermohamed, said: “IndiGo prides itself on its on-time performance and technical dispatch reliability. AAR’s global presence and quick turn-around times will help IndiGo to continue to maintain its global standards and customer expectations.”