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AAR Signs Agreement with flydubai to Support Boeing 737 MAX Aircraft

AAR (NYSE: AIR) has expanded its relationship with flydubai by signing a long-term contract to provide comprehensive flight-hour component support for its new Boeing 737 MAX aircraft. The Dubai-based airline is set to take delivery of 100 Boeing 737 MAX 8 aircraft ordered at the 2013 Dubai International Airshow by the end of 2023. This is AAR's first agreement to support the new aircraft and will utilize the company's extensive global supply chain network, including its new parts warehouse in Dubai.

"AAR is honored that flydubai will be AAR's launch customer for the Boeing 737 MAX aircraft," said AAR Chairman and CEO David P. Storch at a signing ceremony in Dubai to mark this important event. "We have been supporting flydubai's current fleet since September 2016, and it is a privilege to be entrusted with this new opportunity."

"As the first customer of the Boeing 737 MAX 8 in the region, we are looking forward to bringing further fuel and operating efficiency to our young modern fleet," said flydubai's CEO Ghaith Al Ghaith. "AAR is a key partner with an enduring commitment to innovation and reliability, and we look forward to continuing our partnership."

"Our imbedded team and proprietary systems enable the fastest possible response times and streamlined operational efficiencies," said John Holmes, President and Chief Operating Officer, AAR. "This is another big win for our Integrated Supply Chain Solutions team who have a done a great job of expanding AAR's flight-hour support services around the world."

Dubai-based flydubai currently has a network of more than 90 destinations in 44 countries. It is committed to opening up previously underserved markets and provides direct links from Dubai to 63 routes that did not previously have direct air links to Dubai, or were not served by a UAE national carrier from Dubai.

About AAR
AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR 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. More information can be found at www.aarcorp.com.]

About flydubai
Dubai-based flydubai strives to remove barriers to travel and enhance connectivity between different cultures across its ever-expanding network. Since launching its operations in 2009, flydubai has:
  • Created a network of more than 90 destinations in 44 countries.
  • Opened up 63 new routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.
  • Operated a single fleet type of 58 Next-Generation Boeing 737-800 aircraft and will take delivery of more than 100 aircraft by the end of 2023.

In addition, flydubai's agility and flexibility as a young airline has enhanced Dubai's economic development, in line with the Government of Dubai's vision, by creating trade and tourism flows in previously underserved markets.

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