GlobeNewswire Inc | Nov 4, 2020 08:40AM EST

November 04, 2020

BERKSHIRE, England, Nov. 04, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar, the top global independent provider of component repair cycle management and aircraft warranty solutions, signed a new three-year support services agreement with Volaris, Mexicos leading domestic airline.

The agreement covers the provision of new aircraft warranty services to augment and support Volaris internal management team and maximize the recovery of warranty entitlements. The services will cover airframe, engines and components and entail warranty detection, claim management and benefit recovery.

Airinmars services will support us in effectively recovering our warranty entitlements and continue reducing our unit costs on our fleet of 84 Airbus aircraft, which in turn will ultimately contribute to Volaris delivery of low base fares and a high quality service, said Mario Geyne, Volaris Fleet Director.

We are looking forward to working with the team at Volaris to support its efforts to enhance the effectiveness of its warranty management, increase efficiencies and reduce costs, said Peter ODea, Airinmar Head of Sales. This latest contract with Volaris is a highly valued addition to our global airline customer portfolio and we look forward to a productive and successful relationship.

For more information on Airinmars industry-leading warranty solutions, click here.

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About AARAAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AARs Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AARs Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.

About AirinmarAirinmar has supported airlines, MROs, OEMs, helicopter operators and military programs for more than 35 years through the delivery of its tailored component repair and warranty management support services, which deliver reduced repair expenditure, improved component availability and enhance operational efficiencies. Airinmar is a subsidiary of global aviation aftermarket leader AAR (NYSE:AIR).

About VolarisVolaris (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations March 2006, Volaris has increased its routes from five to more than 142 and its fleet from four to 83 aircraft. Volaris offers more than 304 daily flight segments on routes that connect 41 cities in Mexico and 21 cities in the United States with one of the youngest fleets in The Americas. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico and in selected destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit:www.volaris.com

This press release contains certain statements relating to future results,which are forward-looking statements as that term is defined in the PrivateSecurities Litigation Reform Act of 1995 which reflect management?sexpectations about future conditions. Forward-looking statements may also beidentified because they contain words such as ??anticipate,?? ??believe,????continue,?? ??could,?? ??estimate,?? ??expect,?? ??intend,?? ??likely,????may,?? ??might,?? ??plan,?? ??potential,?? ??predict,?? ??project,????seek,?? ??should,?? ??target,?? ??will,?? ??would,?? or similar expressionsand the negatives of those terms. These forward-looking statements are based onbeliefs of Company management, as well as assumptions and estimates based oninformation currently available to the Company, and are subject to certainrisks and uncertainties that could cause actual results to differ materiallyfrom historical results or those anticipated. For a discussion of these andother risks and uncertainties, refer to ?Risk Factors? in our most recentAnnual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.Should one or more of these risks or uncertainties materialize adversely, orshould underlying assumptions or estimates prove incorrect, actual results mayvary materially from those described. These events and uncertainties aredifficult or impossible to predict accurately and many are beyond the Company?scontrol. The Company assumes no obligation to update any forward-lookingstatements to reflect events or circumstances after the date of such statementsor to reflect the occurrence of anticipated or unanticipated events.



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Daniela PietschAAR Corp+1 630 227 5100editor@aarcorp.com