GlobeNewswire Inc | Aug 3, 2020 04:05PM EDT

August 03, 2020

BERKSHIRE, England, Aug. 03, 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 services agreement with the worlds largest civilian helicopter operator, Air Methods.

Airinmars services will include the identification, claim, recovery and reporting of rotorcraft/aircraft component warranty. Airinmar will compliment Air Methods existing processes and apply its proven procedures, support systems and skilled technical staff. With this partnership, Air Methods will also benefit from Airinmars value engineering of costs associated with the repair process, including price quotes from suppliers and service vendors. Based on the data analyses and findings, Airinmar identifies cost reductions, as well as process improvements.

Airinmars reputation for effective warranty management, value engineering and ability to customize solutions for our unique fleet makes this partnership important in helping us execute on our operational goals, said Jay Mahen, Air Methods VP of Supply Chain. By complementing our team with these cost control services, we will be continuing to optimize our supply chain to provide safe and reliable lifesaving emergency air medical care 24/7/365.

We are proud to be providing tailored cost control services to the worlds largest civilian helicopter operator, said Matt Davies, Airinmar General Manager. Our service will fit efficiently within Air Methods operation at over 300 locations and assist in the reduction of its annual component repair costs.

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 and Composite Manufacturing 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 Air Methods CorporationAir Methods (www.airmethods.com) is the leading air medical service, delivering lifesaving care to more than 70,000 people every year. With nearly 40 years of air medical experience, Air Methods is the preferred partner for hospitals and one of the largest community-based providers of air medical services. United Rotorcraft is the Companys products division specializing in the design and manufacture of aeromedical and aerospace technology. Air Methods fleet of owned, leased or maintained aircraft features more than 450 helicopters and fixed wing aircraft



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. Forward-looking statements may alsobe identified 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, including those factors discussedunder Item 1A, entitled ?Risk Factors?, included in the Company?s Form 10-K forthe fiscal year ended May 31, 2020. Should one or more of these risks oruncertainties materialize adversely, or should underlying assumptions orestimates prove incorrect, actual results may vary materially from thosedescribed. These events and uncertainties are difficult or impossible topredict accurately and many are beyond the Company?s control. The Companyassumes no obligation to update any forward-looking statements to reflectevents or circumstances after the date of such statements or to reflect theoccurrence of anticipated or unanticipated events. For additional information,see the comments included in AAR?s filings with the Securities and ExchangeCommission.



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