AAR Signs Component Support Agreement with Wataniya Airways

WOOD DALE, Illinois, June 26, 2017 – AAR (NYSE: AIR) announces the latest expansion of its commercial business in the Middle East: A multiyear contract to provide power-by-the-hour component support for Wataniya Airways, one of the national carriers for the state of Kuwait. AAR will support Wataniya’s fleet of Airbus A320 aircraft through its extensive inventory network, including parts warehouses in Dubai and Europe, and position local stock in Kuwait.

“With significant component stock in the Middle East, AAR is well-positioned to support Wataniya Airways and its plans for rapid expansion to more than 30 destinations in the first two years of operation,” said Deepak Sharma, President, AAR International Supply Chain. “We are pleased that Wataniya chose AAR for our experience and knowledge in the industry that will not only assist in their startup phase but also will facilitate a long-term partnership.”

“As Wataniya Airways prepares to launch, we are delighted to gain a trusted partner like AAR with a proven track record in the aviation aftermarket, providing a total support solution to ensure we meet our customers’ expectations and maintain the highest levels of quality, reliability and safety,” says Mr. Ali Alfouzan, Chairman, Wataniya Airways.

Based in Kuwait, Wataniya Airways will operate flights from Kuwait throughout the Middle East, Asia, North Africa and Europe.