WOOD DALE, Illinois, September 20, 2018 – AAR (NYSE: AIR), a global leader in aviation services, will provide full power-by-the-hour (PBH) support of Air New Zealand’s A320 fleet under a long-term agreement. The contract covers a total of 48 aircraft including 30 A320ceos and 18 A320neos.

“We are very pleased to expand our relationship with Air New Zealand and extend our component support to their A320 fleet,” said AAR’s Deepak Sharma, President, Integrated Solutions – Commercial. “Our capabilities continue to expand to meet our customers’ evolving needs in our fast-changing industry.”

This is the latest example of the deepening relationship between AAR and Air New Zealand, the nation’s flag carrier airline. In 2017, AAR designated Air New Zealand’s component center as its Asia Pacific MRO of choice and the two companies successfully implemented a long-term repair contract. This new agreement also includes reciprocal repair work with Air New Zealand for the Asia-Pacific region.

“This contract reflects our strong ongoing relationship, continued focus on exceeding customer expectations and shared core values with Air New Zealand. We are proud of our partnership and committed to continuing to provide efficient and high-quality services to the airline,” said John Holmes, President & CEO, AAR.