GlobeNewswire Inc | Oct 18, 2021 04:01PM EDT

October 18, 2021

Wood Dale, Oct. 18, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that it signed an agreement with flydubai to renew its power-by-the-hour (PBH) component pool and repair support for the airlines Next-Generation (NG) Boeing 737 fleet.

The new five-year contract builds on a partnership that started in 2016 to provide comprehensive rotable component support for flydubais 737NG fleet. This renewal demonstrates flydubais trust in AAR and its recognition of the value AARs supply chain services bring to the Middle Easts fastest growing airline.

AAR has been a key partner and we would like to thank them for the support they have provided to our fleet over a number of years, said Mick Hills, flydubai Senior Vice President, Engineering and Maintenance. We look forward to working with them on this key component of our Engineering and Maintenance Programme.

We are excited to continue supporting flydubai and we look forward to growing our partnership as it continues to expand its service in the years ahead, said Nicholas Gross, AAR Senior Vice President Integrated Solutions. AAR is proud to partner with flydubai as it pursues its mission to open up opportunities for travel, tourism and trade.

To learn more about AARs Integrated Solutions, please visit https://www.aarcorp.com/integrated-solutions/commercial-solutions/.

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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 flydubai

From its home in Dubai, flydubai has created a network of more than 90 destinations served by a fleet of 54 aircraft. Since commencing operations in June 2009, flydubai has been committed to removing barriers to travel, creating free flows of trade and tourism and enhancing connectivity between different cultures across its ever-expanding network.

flydubai has marked its journey with a number of milestones:

An expanding networkCreated a network of more than 95 destinations in 50 countries across Africa, Central Asia, the Caucasus, Central and South-East Europe, the GCC and the Middle East, and the Indian Subcontinent.Serving underserved marketsOpened more than 70 new routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.An efficient single fleet-typeOperates a single fleet-type of 54 Boeing 737 aircraftand includes: 36 Next-Generation Boeing 737-800, 15 Boeing 737 MAX 8 and 3 Boeing 737 MAX 9 aircraft.Enhancing connectivityCarried more than 75 million passengers since it began operations in 2009.

For the latest news, please visit the flydubai Newsroom.



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, including statements about the agreementwith flydubai, the ability to grow further in the Middle East, and helpairlines increase operational efficiencies. 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 certain risksand uncertainties that could cause actual results to differ materially fromhistorical results or those anticipated. For a discussion of these and otherrisks and uncertainties, refer to ?Risk Factors? in our most recent AnnualReport on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should oneor more of these risks or uncertainties materialize adversely, or shouldunderlying assumptions or estimates prove incorrect, actual results may varymaterially from those described. These events and uncertainties are difficultor impossible to predict accurately and many are beyond the Company?s control.The Company assumes no obligation to update any forward-looking statements toreflect events or circumstances after the date of such statements or to reflectthe occurrence of anticipated or unanticipated events.

Daniela PietschAAR Corp6302275100editor@aarcorp.com