AAR : Airinmar Signs Repair Cycle Management Agreement with Kenya Airways

Airinmar Signs Repair Cycle Management Agreement with Kenya Airways

January 23, 2018

BERKSHIRE, England, January 23, 2018 - Airinmar, a global leader in the provision of intelligent component repair cycle management and aircraft warranty solutions for commercial and defense customers, signed a 2-year agreement withKenya Airways, one of the leading airlines in Africa, to assist in enhancing its supply chain management and performance, and maximizing its new aircraft warranty entitlement recovery.

'We are very excited that Kenya Airways has selected Airinmar to be an integral part of its effort to improve supply chain management and maximize new aircraft warranty claims to support their goal of increased on-time performance,' said Mike Humphreys, President, Airinmar. 'Kenya Airways will be a highly valued addition to our global airline customer portfolio and we very much look forward to supporting them.'

'Airinmar's unique services are the perfect fit for helping Kenya Airways achieve our operational goals and maximize our aircraft warranties,' said Ronald Lussier, Head of Material Management, Kenya Airways. 'Increasing efficiencies and decreasing costs will support our airline's continued growth.'

About Kenya Airways

Kenya Airways, a member of the Sky Team Alliance, is a leading African airline flying to 53 destinations worldwide, 40 of which are in Africa and carries over 4 million passengers annually. It continues to modernize its fleet with its 38 aircraft being some of the youngest in Africa. This includes its flagship B787 Dreamliner aircrafts. Kenya Airways celebrated 40 years of operations in January 2017 while KQ Cargo was named African Cargo Airline of the year 2017. For more information, please visit www.kenya-airways.com.

About Airinmar

Airinmar offers a wide range of repair management support services that reduce component repair expenditure and enhance component availability. The leading dedicated repair management solutions provider in the world, Airinmar has supported airlines, MROs, OEMs and military operations for more than 30 years through the integration of its proprietary systems, engineering expertise and supply management solutions. Airinmar is a subsidiary of global aviation aftermarket leader AAR (NYSE: AIR).

Airinmar media contact: Peter O'Dea, Head of Sales and Business Development, at [e-mail] | +44 118.932.4056

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About AAR

AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR's Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.

Contact:

Kathleen Cantillon at [e-mail] | 630-227-2081 or email: [e-mail]

This press release contains 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. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled 'Risk Factors', included in the Company's Form 10-K for the fiscal year ended May 31, 2017. 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 the Company's control. The Company 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. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.