AAR Signs Integrated Component Solutions Agreement to Provide Full PBH Support of Air Malta’s A320neo

WOOD DALE, ILLINOIS, September 19, 2018 – AAR (NYSE: AIR), a leading provider of aviation aftermarket services to the world’s airlines, has entered a multiyear Integrated Component Solutions agreement with Air Malta to provide full power-by-the-hour (PBH) support of its A320neo aircraft. Air Malta will receive nose-to-tail ATA chapter coverage, including airframe, APU and engine line replaceable units (LRUs) together with the provision of on-site inventory in Malta.

The A320neo aircraft is the newest to join Air Malta’s growing fleet. This agreement expands upon an existing relationship in which AAR already supports the airlines’ most recently delivered A320ceo aircraft and marks the latest expansion of AAR’s PBH footprint across Europe. AAR recently enhanced and centralized its global AOG and order fulfillment services by creating an International Operations Centre in London Gatwick to empower customer operational excellence.

“AAR is a trusted partner with a proven track record of delivering just-in-time solutions to our commercial customers worldwide,” said Colin Craig, Senior Vice President, Business Development, AAR Integrated Solutions – Commercial. “We look forward to continuing our support of Air Malta at a time of growth and expansion.”

“Over the last year, we have embarked on a growth strategy during which we have added 21 new destinations and two aircraft, including a brand-new Airbus A320neo. In parallel to this, the airline embarked on a fleet rollover plan that will see us acquiring two brand-new Airbus A320neo next year. We are confident that through the support of AAR we will be in a better position to service our aircraft and our customers,” said Silvio Falzon, Air Malta Chief Operations Officer.

Air Malta, established in 1974, is the national flag carrier of the Maltese Islands, located in the centre of the Mediterranean in Europe. Headquartered in Gudja and its hub at Malta International Airport, Air Malta flies to destinations in Europe, the Middle East and North Africa.