AAR wins Parts Supply contract with Mitsubishi Heavy Industries Aero Engines (MHIAEL), largest commercial deal in Japan to date
Tuesday, September 24, 2019
WOOD DALE, Illinois — 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.”
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