{"id":690306,"date":"2022-09-29T09:04:53","date_gmt":"2022-09-29T13:04:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/airinmar-selected-by-cebu-pacific-to-provide-warranty-management-and-value-engineering-support-services\/"},"modified":"2022-09-29T09:04:53","modified_gmt":"2022-09-29T13:04:53","slug":"airinmar-selected-by-cebu-pacific-to-provide-warranty-management-and-value-engineering-support-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/airinmar-selected-by-cebu-pacific-to-provide-warranty-management-and-value-engineering-support-services\/","title":{"rendered":"Airinmar selected by Cebu Pacific to provide warranty management and value engineering support services"},"content":{"rendered":"
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Berkshire, England, Sept. 29, 2022 (GLOBE NEWSWIRE) — AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with Philippines-based low-cost carrier Cebu Pacific.<\/p>\n

Airinmar will provide Cebu Pacific with a full suite of support services covering both aircraft warranty management and value engineering. Warranty management services will include the identification, claim, and recovery of the multiple airframe, engine, and component warranty entitlements provided by airframe manufacturers and their suppliers. Value engineering services will include cost oversight to ensure compliance with Cebu\u2019s contracted component repairs and to minimize component out-of-scope flight-hour repair charges. The services provided by Airinmar will complement Cebu\u2019s current materials management activities and will focus on maximizing the recovery of Cebu\u2019s warranty entitlements and reducing the cost of component repair.<\/p>\n

\u201cAirinmar\u2019s well regarded warranty management and value engineering services and ability to deliver cost savings and credit recovery will support effective management of our maintenance spend as we expand our fleet of aircraft,\u201d said Shevantha Weerasekera, Senior Advisor \/ Vice President, Engineering and Maintenance for Cebu. \u201cAirinmar\u2019s ability to customize its solutions to our business needs will enable us to relentlessly pursue new ideas and better solutions.\u201d<\/p>\n

\u201cWe are proud to provide Airinmar services and look forward to delivering results to Asia\u2019s oldest low-cost carrier,\u201d said Matt Davies, General Manager of Airinmar. \u201cWith 77 aircraft in service and a further 49 on order, we are excited to contribute to Cebu Pacific\u2019s growth and success over the coming years.\u201d <\/p>\n

For more information on Airinmar\u2019s industry-leading solutions, visit aarcorp.com\/airinmar\/<\/a>.<\/p>\n

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\n About Airinmar
<\/b>Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for more than 35 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 (NYSE: AIR). Additional information can be found at aarcorp.com\/airinmar\/<\/a>.<\/p>\n

\n About AAR
<\/b>AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR\u2019s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR\u2019s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.com<\/a>.<\/p>\n

\n About Cebu Pacific
<\/b>Cebu Pacific (PSE: CEB) entered the Philippine aviation industry 26 years ago and is now the largest airline in the country with its \u201clow fare, great value\u201d strategy. It offers the widest network in the Philippines, with flights spanning Asia and the Middle East. One of the youngest fleets in the world, its 77-strong aircraft fleet is composed of Airbus and ATR aircraft, which includes its two ATR freighters. For more information visit www.cebupacificair.com<\/a>.<\/p>\n

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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 which reflect management\u2019s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as \u2018\u2018anticipate,\u2019\u2019 \u2018\u2018believe,\u2019\u2019 \u2018\u2018continue,\u2019\u2019 \u2018\u2018could,\u2019\u2019 \u2018\u2018estimate,\u2019\u2019 \u2018\u2018expect,\u2019\u2019 \u2018\u2018intend,\u2019\u2019 \u2018\u2018likely,\u2019\u2019 \u2018\u2018may,\u2019\u2019 \u2018\u2018might,\u2019\u2019 \u2018\u2018plan,\u2019\u2019 \u2018\u2018potential,\u2019\u2019 \u2018\u2018predict,\u2019\u2019 \u2018\u2018project,\u2019\u2019 \u2018\u2018seek,\u2019\u2019 \u2018\u2018should,\u2019\u2019 \u2018\u2018target,\u2019\u2019 \u2018\u2018will,\u2019\u2019 \u2018\u2018would,\u2019\u2019 or similar expressions and the negatives of those terms. 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. For a discussion of these and other risks and uncertainties, refer to \u201cRisk Factors\u201d in our 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 the Company\u2019s 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. <\/td>\n<\/tr>\n<\/table>\n

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