Airinmar signs multi-year extension of aircraft warranty management and value engineering services with Cebu Pacific
AAR CORP (NYSE:AIR) subsidiary Airinmar has extended its multi-year support services agreement with Philippines-based low-cost carrier Cebu Pacific. The extension continues the full suite of services provided since 2022, including aircraft warranty management and value engineering.
The partnership aims to maximize warranty entitlements recovery and reduce component repair and maintenance costs for Cebu Pacific's fleet of 100 aircraft, with over 100 additional aircraft on order. The services complement Cebu Pacific's existing materials management activities, supporting the airline's fleet expansion strategy.
AAR CORP (NYSE:AIR) la controllata Airinmar ha esteso il suo accordo pluriennale di servizi di supporto con Cebu Pacific, compagnia a basso costo con sede nelle Filippine. L’estensione mantiene l’intera suite di servizi forniti dal 2022, tra cui gestione delle garanzie sugli aeromobili e ingegneria del valore.
La partnership punta a massimizzare il recupero dei diritti di garanzia e a ridurre i costi di riparazione e manutenzione dei componenti per la flotta di 100 aeromobili, con oltre 100 aeromobili in ordine. I servizi si integrano con le attività esistenti di gestione dei materiali di Cebu Pacific, supportando la strategia di espansione della flotta dell’azienda.
AAR CORP (NYSE:AIR) la subsidiaria Airinmar ha ampliado su acuerdo de servicios de soporte plurianual con la aerolínea de bajo costo Cebu Pacific, con sede en Filipinas. La extensión mantiene la oferta completa de servicios proporcionados desde 2022, incluidas la gestión de garantías de aeronaves y la ingeniería de valor.
La asociación tiene como objetivo maximizar la recuperación de derechos de garantía y reducir los costos de reparación y mantenimiento de los componentes para la flota de 100 aeronaves, con más de 100 aeronaves adicionales en pedidos. Los servicios complementan las actividades de gestión de materiales ya existentes de Cebu Pacific, apoyando la estrategia de expansión de la flota de la aerolínea.
AAR CORP (NYSE:AIR)의 자회사 Airinmar가 필리핀 기반의 저가 항공사 Cebu Pacific와의 다년간 지원 서비스 계약을 연장했습니다. 이번 연장은 2022년부터 제공해 온 전체 서비스 패키지를 계속 유지하며 항공기 보증 관리 및 가치 공학을 포함합니다.
파트너십의 목표는 보증 권리 회수를 극대화하고 Cebu Pacific의 100대의 항공기에 대한 구성품 수리 및 정비 비용을 줄이는 것입니다. 주문 중인 추가 100대의 항공기도 포함됩니다. 이 서비스는 Cebu Pacific의 기존 자재 관리 활동을 보완하여 항공사 akin의 함대 확장 전략을 지원합니다.
AAR CORP (NYSE:AIR) sa filiale Airinmar a prolongé son accord pluriannuel de services de support avec Cebu Pacific, une compagnie aérienne à bas coût basée aux Philippines. L’extension maintien l’ensemble des services fournis depuis 2022, notamment la gestion des garanties des aéronefs et l’ingénierie de valeur.
Le partenariat vise à maximiser la récupération des droits de garantie et à réduire les coûts de réparation et de maintenance des composants pour la flotte de 100 aéronefs, avec plus de 100 aéronefs supplémentaires en commande. Les services complètent les activités existantes de gestion des matériaux de Cebu Pacific, soutenant la stratégie d’expansion de sa flotte.
AAR CORP (NYSE:AIR) Tochter Airinmar hat ihre mehrjährige Support-Service-Vereinbarung mit der philippinischen Billigfluggesellschaft Cebu Pacific verlängert. Die Verlängerung setzt das volle Servicepaket fort, das seit 2022 angeboten wird, einschließlich Flugzeug-Garantieverwaltung und Wertanalyse.
Ziel der Partnerschaft ist es, die Rückgewinnung von Garantieansprüchen zu maximieren und die Kosten für Reparatur und Wartung von Komponenten der Flotte von 100 Flugzeugen zu senken, bei mehr als 100 zusätzlichen Flugzeugen in Auftrag. Die Dienstleistungen ergänzen die bestehenden Materialverwaltungsaktivitäten von Cebu Pacific und unterstützen die Expansionsstrategie der Flotte der Fluggesellschaft.
AAR CORP (NYSE:AIR) الشركة التابعة Airinmar قامت بتمديد اتفاقية خدمات الدعم متعددة السنوات مع Cebu Pacific، شركة طيران منخفضة التكلفة مقرها في الفلبين. التمديد يستمر في تقديم مجموعة كاملة من الخدمات منذ 2022، بما في ذلك إدارة ضمانات الطائرات والهندسة القيمية.
تهدف الشراكة إلى تعظيم استرداد مستحقات الضمان وتقليل تكاليف إصلاح وصيانة المكونات لأسطول Cebu Pacific الذي يضم 100 طائرة، مع أكثر من 100 طائرة إضافية ضمن الطلب. الخدمات تكمل أنشطة إدارة المواد الحالية لـ Cebu Pacific، وتدعم استراتيجية توسيع الأسطول للشركة.
AAR CORP (NYSE:AIR) 的子公司 Airinmar 已将其与菲律宾低成本航空公司 Cebu Pacific 的多年支持服务协议延长。此次延长维持自2022年以来提供的全部服务，包括 飞机保修管理与价值工程。
该伙伴关系旨在最大化保修权利的回收，并降低 Cebu Pacific 机队 100 架飞机 的部件维修与维护成本，另有超过 100 架飞机在订单中。该服务与 Cebu Pacific 现有的物料管理活动互补，支持该航空公司机队扩张战略。
- Service agreement extension demonstrates successful partnership and client satisfaction
- Supporting Cebu Pacific's significant fleet expansion from 100 to 200+ aircraft
- None.
Insights
AAR's subsidiary Airinmar secures multi-year service extension with growing airline Cebu Pacific, strengthening recurring revenue stream.
Airinmar, a subsidiary of AAR CORP (NYSE: AIR), has secured a multi-year extension of its service agreement with Philippines-based low-cost carrier Cebu Pacific. This extension continues the full suite of aircraft warranty management and value engineering services that Airinmar has provided since 2022.
The significance of this deal is enhanced by Cebu Pacific's substantial growth trajectory. The carrier has reached a fleet of 100 aircraft with over 100 additional aircraft on order. This expanding fleet represents a growing asset base requiring Airinmar's specialized services, which focus on maximizing warranty recovery entitlements and reducing component repair and overall maintenance costs.
From a business perspective, this extension represents a vote of confidence in Airinmar's service quality and demonstrates AAR's ability to retain clients in the competitive aviation services market. The renewal suggests that Airinmar's customized solutions have delivered tangible cost benefits to Cebu Pacific since the relationship began.
While the financial terms of the extension weren't disclosed, this agreement contributes to AAR's recurring revenue stream in its aviation services segment. The extension with a growing airline like Cebu Pacific, which is doubling its fleet size, positions AAR to potentially expand its service scope and revenue from this relationship as the carrier's maintenance needs increase with its expanded operations.
This agreement is a continuation of the full suite of support services – covering both aircraft warranty management and value engineering – that Airinmar has provided to Cebu Pacific since 2022.
Airinmar's services complement Cebu Pacific's current materials management activities and focus on maximizing the recovery of the airline's warranty entitlements as well as reducing the cost of component repair and the airline's overall cost of maintenance.
"Airinmar's highly regarded warranty management and value engineering services and ability to deliver cost savings and credit recovery have supported us with effective management of maintenance spend as we have expanded our fleet of aircraft," said Shevantha Weerasekera, Cebu Pacific's Vice President for Engineering and Fleet Maintenance. "Airinmar's ability to customize its solutions to our business needs enables us to relentlessly pursue new ideas and better solutions."
"Airinmar is pleased to continue bringing value to Cebu Pacific through our well-proven value engineering and warranty management services," said Matt Davies, Airinmar's General Manager. "Cebu Pacific has reached a fleet of 100 aircraft with 100+ additional aircraft on order, and we take great pride in supporting the airline through its ongoing growth."
For more information on Airinmar's industry-leading services, visit https://www.airinmar.com/.
About Airinmar
Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for over 40 years through the delivery of its tailored component repair and warranty management support services, which deliver reduced repair expenditure, improved component availability, and enhanced operational efficiencies. Airinmar is a subsidiary of global aviation aftermarket leader AAR. Additional information can be found at https://www.airinmar.com/.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
About Cebu Pacific
Cebu Pacific entered the aviation industry in March 1996 and as a low cost-carrier, it pioneered the "low fare, great value" strategy. Since its inception, it has flown over 250 million passengers. CEB offers the widest network coverage in
This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits under the extension. Forward-looking statements may also be 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 expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. |
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SOURCE Airinmar
FAQ
What services will Airinmar provide to Cebu Pacific under the extended agreement?
How many aircraft does Cebu Pacific currently operate and have on order?
When did Airinmar first begin providing services to Cebu Pacific?
How will this extension benefit Cebu Pacific's operations?
