AAR (NYSE: AIR), a leading provider of aviation services to airlines and governments worldwide, signed its largest commercial deal in Japan to date, a multimillion dollar Parts Supply agreement with Mitsubishi Heavy Industries Aero Engines, Ltd. (MHIAEL). AAR will begin work immediately as the parts supplier for MHIAEL’s PW4000 engine maintenance with international commercial airlines.
“MHIAEL is a key player in the Japanese and global aviation market, and this agreement is AAR’s first Parts Supply deal with an engine MRO company in the region — and our largest contract in Japan,” said Sal Marino, AAR SVP of Parts Supply. “AAR is certified compliant with Japanese regulations, and we have the global capabilities and facilities to serve Japan-based customers wherever they do business. We’re very excited for what’s to come with this partnership and our plans in the Japanese market.”
AAR will supply parts for MHIAEL’s demand of PW4000 94-inch fan engines used in thousands of commercial aircraft and will also have the capability to provide solutions from original equipment manufacturers (OEMs), including Unison and Eaton, for engine technological platforms.
Out of a strong field of vendors competing for the service contract, AAR was chosen by MHIAEL as their preferred parts supplier in this large-scale partnership to serve their international customers.
This announcement follows AAR’s recent completion of its certification from the Japanese Civil Aviation Bureau (JCAB) allowing the company to also serve Japan-based airlines.