Click below for data links:
ALC-2015-08 - MRO-A.jpg
ALC-2015-08 - MRO-B.jpg
JET AIRPLANE LEASING COMPANY. SEE (AAR) TURBINE DIVISION (RTC) & (AAR) (AFD).
USA (United States of America) was established in 1776, it covers an area of 9,363,123 sq km, its population is 280 million, its capital city is Washington DC, and its official language is English.
AUGUST 1997: BRITISH AIRWAYS (BAB) SELLS 14 747-100'S TO (RTC) (JT9D-7Q). AIRPLANES ARE 24 - 28 YEARS OLD. EUROPEAN AVIATION CORP BUYS 2, WHICH MAY GO TO THEIR SUBSIDIARY OPERATOR, EUROPEAN AIR CHARTER, AS LEASE, OR TO BE BROKEN UP FOR SPARES.
DECEMBER 1997: 2 747-100's (20322; 20402) PARTED OUT.
LAST QUARTER = +$8.4 MILLION (+$5.1 MILLION) (NET PROFIT).
$12 MILLION MAINTENANCE CONTRACT FOR 11 AIRPLANES FOR USA MARSHALS SERVICE (USV) FOR 1 YEAR, INCLUDING 727'S.
1 DC-10-10 (CF6-6D) PARKED. 3 A300B4-2C'S (024; 028; 030), EX-KOREAN AIR (KAL), FROM (AWAS) (AWW).
JULY 1998: 1ST QUARTER = +$10.6 MILLION (+$7.1 MILLION).
SEPTEMBER 1998: LAST QUARTER = +$9.6 MILLION (+$7.3 MILLION).
$67 MILLION, 5 YEAR MAINTENANCE CONTRACT FOR LINE/HEAVY MAINTENANCE, PARTS INVENTORY SUPPLY/MANAGEMENT OF 12 727's, DC-9's, SABRELINERS, LEARJET 25D's, PIPER CHEYENNES & CESSNA 185'S OF USA MARSHAL'S SERVICE (USV), AND (INS).
NOVEMBER 1998: 3 737-200'S (JT8D-9A), EX-SOUTHWEST AIRLINES (SWA).
DECEMBER 1998: QUARTER ENDING NOVEMBER 1998 = +$10 MILLION (+19.3%). 6 MONTHS = +$19.7 MILLION (+25%) RECORD!
1 737-300 (24700), EX-GARUDA INDONESIA (GIA) BOUGHT FROM SUNROCK (SNR).
MARCH 1999: LAST QUARTER = +$10.3 MILLION (+$9.3 MILLION).
SEPTEMBER 1999: 3RD QUARTER = +$10.8 MILLION (+12.6%) RECORD! (+$9.6 MILLION).
DECEMBER 1999: (http://www.aarcorp.com).
OCTOBER 2000: (SITA) ACQUIRES MAJORITY OF (AAR)'S (ALC) INTEREST IN JOINT VENTURE aerospan.com.
DECEMBER 2000: LAST QUARTER = +$4.3 MILLION (+$10.9 MILLION).
APRIL 2001: MICHAEL BECKSTEAD PRESIDENT & GENERAL MANAGER DISTRIBUTION.
JULY 2001: FISCAL YEAR (FY) 2000 = +$18.5 MILLION (+$25.2 MILLION).
AUGUST 2001: (firstname.lastname@example.org).
JANUARY 2002: (AAR) (ALC) AND AIR FRANCE INDUSTRIES (AFA) FORM A JOINT VENTURE, "SPAIRWISE." TO PROVIDE FULL COMPONENT MANAGEMENT SUPPORT, TO A320 FAMILY OPERATORS, IN NORTH AND CENTRAL AMERICA, BASED IN ATLANTA.
March 2003: 1st Quarter = +$700,000 (-$2.3 Million).
June 2004: (AAR) Aircraft Services (AFD) contract to lease the Indianapolis Maintenance Center (IMC) at Indianapolis International Airport to expand its Airplane Maintenance Repair & Overhaul (MRO) capacity and capabilities "to meet increasing demand for outsourced, high-quality airplane maintenance services." Operations are scheduled to begin in 3rd Quarter 2004. The 1.6 million sq ft facility was formerly operated by United Airlines (UAL).
As part of the 10-year lease, (AAR) Aircraft Services (AFD) will receive a series of financial incentives that include grants, credits, & start-up support. Its plan is to operate initially out of 2 hangar bays, with future plans to increase capacity to as many as 10 hangar bays during the lease period.
March 2005: United Airlines (UAL) selects (AAR) Aircraft Services-Indianapolis (AFD) as exclusive provider with 5-year heavy maintenance contract for all (UAL) 737's. (AAR) will operate up to 4 maintenance lines at Indianapolis.
January 2007: (AAR) (ALC) will perform heavy Maintenance, Repair & Overhaul (MRO) and interior modifications on select Northwest Airlines (NWA)757s. Work will be completed in August. Maintenance checks will be conducted on 5 previously stored airplanes, while cabin modifications will prepare 10 airplanes for (NWA)'s expanded international service.
April 2007: (AAR) (AFD)/(ALC) announced the acquisition of Reebaire Aircraft, an Arkansas regional aircraft, Maintenance Repair & Overhaul (MRO) provider, that now operates under the name (AAR) Aircraft Services-Hot Springs. (AAR) (AFD)/(ALC) said the deal doubles its regional (MRO) capacity.
February 2008: (AAR) Corporation (ALC) said it will expand its composite manufacturing operation significantly with the lease of a 90,000-sq-ft facility located at McClellan Business Park, formerly McClellan Air Force Base, in Sacramento. The expansion provides a better-than-fourfold increase in AAR (ALC)'s composite manufacturing capability.
(AAR) Corporation (ALC) announced an agreement to acquire Miami-based third-party maintenance, repair and overhaul (MRO) provider Avborne Heavy Maintenance "and a related entity" from AHM Holding Corp. Avborne operates a 226,000-sq-ft hangar at Miami International, capable of simultaneously accommodating up to 3 wide body airplanes or 9 narrow bodies. It performs heavy maintenance on most types of Airbus (EDS) and Boeing (TBC) airplanes. The deal is expected to close by the May 31 end of (AAR) (ALC)'s 2008 fiscal year. It currently operates (MRO) facilities in Oklahoma City, Hot Springs, Arkansas, and Indianapolis. The last was acquired after United Airlines (UAL) abandoned the facility during its bankruptcy reorganization.
March 2008: (AAR) Corporation (ALC) completed the acquisition of Miami-based third-party Maintenance Repair & Overhaul (MRO) provider, Avborne Heavy Maintenance and renamed it (AAR) Aircraft Services Miami. It will operate as a segment in (AAR) (ALC)'s (MRO) business. The deal gives (AAR) (ALC) 226,000 sq ft of hangar space at Miami International Airport, boosting its overall (MRO) space by +22%, and adds +467 aviation maintenance technicians (MT) to a workforce that now numbers >2,000 (MT)s worldwide.
November 2008: (AAR) (ALC) was selected by Allegiant Air (WJE) to perform maintenance and modification services on 6 MD-80s on a nose-to-tail basis at (AAR) Aircraft Services (ALC), Oklahoma. The work on the 1st airplane began last month.
January 2009: (AAR) (ALC) named Dave Cann, VP Regulatory Compliance. He was head of the USA (FAA)'s Flight Standards Service, Aircraft Maintenance Division until his retirement one year ago.
February 2009: (AAR) Corporation (ALC) was forced to shut down operations at its Miami landing gear repair station after the (FAA) issued an Emergency Order of Suspension to the company's Landing Gear Services subsidiary, which generates about 6% of the Maintenance Repair & Overhaul (MRO) provider's revenue. (ALC) said it has been "in regular communication" with the (FAA) since July 2008, when the regulator issued a "notice of alleged discrepancies" following an inspection of the Miami facilities. "The company was in the process of responding to that request when it received the order of suspension," (ALC) said. Chairman & (CEO) David Storch added, "We have worked diligently with the (FAA) over the past year to respond to its concerns. We remain committed to resolving this matter as expeditiously as possible."
(AAR) Corporation (ALC) announced an agreement with the USA (FAA) that "terminates" the agency's emergency order of suspension that forced the company to shut down its Miami landing gear facility. (AAR) Landing Gear Services "agreed to a variety of revisions to its maintenance procedures and manuals, enhanced training," and will revise its method of documentation for maintenance performed, (AAR) (ALC) said. Operations will restart "no later than February 20."
(AAR) (ALC) said Intrepid Aviation (INL) selected it as its preferred supplier to provide up to 20 cargo systems for its fleet of A330-200F freighters. (ALC)'s Cargo Systems operating unit will manufacture the systems, which will be installed as airplanes come off the assembly line at Airbus (EDS)'s shop in Toulouse. Work is scheduled through 2011 and delivery of the 1st system is expected this fall.
April 2009: (AAR) (ALC) signed a 7-year agreement with (CSA) Czech Airlines to provide rotable component repair services on a flight-hour basis for (CSA)'s 9 737-400s and 10 737-500s.
June 2009: (AAR) (ALC) was selected by (IAI)'s Bedek Aviation Group to provide the cargo system for its 767-300 conversion program. (ALC) and (IAI) developed a (GMF) system for the 767-200 conversion in 2002.
July 2009: (AAR) Corporation (ALC) signed a letter of intent with SuperJet International to become a service center for the Superjet 100. (ALC) will provide heavy airframe maintenance, modifications, interior and exterior refurbishment, unscheduled maintenance service and will have field teams available for off-site support.
September 2009: (AAR) (ALC)was selected by Continental Airlines (CAL) to install blended winglets on 16 757-300s. Work will be performed in Indianapolis.
November 2009: (AAR) Corporation (ALC) said it amended its parts supply and maintenance contracts covering Mesa Air Group's CRJ-200 and ERJ-145 airplanes "to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat airplane market." (ALC) said it will receive a cash payment as well as 15 million shares of Mesa common stock. It will return to Mesa $6.1 million aggregate principal amount at maturity of Mesa's 2023 notes and said it does not expect to increase its stock ownership in (ALC).
January 2010: (AAR) (ALC) signed a 5-year deal with Allegiant Air (WJE) to provide maintenance and modification work on (WJE)'s 46 MD-80s.
(AAR) (AFD)/(ALC) signed a 2-year deal with Hawaiian Airlines (HWI) to provide 10-year checks on 12 (HWI) 717s. The work will be performed at (AAR) (AFD)/(ALC)'s Miami facility and will include repainting on certain airplanes.
August 2010: (AAR) Corporation (ALC) named Jeffrey Schloesser, former director of Army Aviation, President of its Aviation Worldwide Services (AWS) business unit. He will be responsible for leading strategic planning, operations and growth of (AWS), which provides airline services and specialized airplane modifications.
October 2011: (AAR) Corporation (ALC) has acquired London-based airplane component repair management services provider, Airinmar Holdings, which will become a part of (ALC)'s aviation supply chain unit.
(ALC) said the "acquisition was paid for from available cash on hand." (ALC) Chairman & (CEO) David Storch stated that Airinmar, which has 145 employees worldwide, will increase (ALC)'s "international presence. Airinmar creates value through its in-depth knowledge of airplane component repair requirements, value engineering capabilities, proprietary Information Technology (IT) solutions and excellent relationships with its global supplier base."
May 2012: (AAR) (ALC) announced it has received USA (FAA) Supplemental Type Certificate (STC) approval for 1 oxygen system retrofit on a 747-400F cargo airplane.
August 2012: Air Canada (ACN) said it is concluding terms with the following Maintenance Repair & Overhaul (MRO) provider to perform scheduled airframe maintenance on its fleet of airplanes: (AAR) Corporation (ALC) for its Airbus (EDS) narrow body fleet.
September 2012: (AAR) (AFD)/(ALC) received design approval from the USA (FAA) and (EASA) to perform custom interior modifications for Boeing 717-200 airplanes operated by an unnamed European airline. (AAR) (AFD)/(ALC) will modify the airplanes from a 2-class configuration to a high-density 1-class configuration and will install slim line seats.
October 2012: AAR (AFD)/(ALC) signed a letter of intent (LOI) with Air Canada (ACN) to provide scheduled airframe maintenance and modifications on (ACN)’s A320 series airplanes.
November 2012: (AAR) (AFD)/(ALC) Aircraft Services has launched operations at the former Northwest Airlines (NWA) Maintenance base in Duluth, Minnesota, with the arrival of the 1st Air Canada (ACN) jet for maintenance. Base operations will begin with 1 line of heavy maintenance; within 1 year (AAR) expects 3 more maintenance lines to be up and running.
(AFD)/(ALC) will sell 10 737-400s to joint venture (JV) partner Malaysia Airlines (MAS). The 737-400s have been on lease to (MAS) since they were acquired by the (JV) in July 2007.
January 2013: The (AAR) Corporation announced its 188,000 sq ft Duluth Maintenance Repair & Overhaul (MRO) facility is now operational and has completed and delivered its first airplane.
April 2013: The (AAR) Corporation increased its stock of high-demand airframe and engine-related components, plus airplane surfaces and nacelles, at Amsterdam. With more parts on hand it will be able to serve customers quickly as well as better supply its Aircraft Component Services repair station in Hoofddorp, Netherlands.
May 2013: (AAR) (AFD)/(ALC) has retained consultant, Mike Axelrod of Grant Park Global to help the Maintenance Repair & Overhaul (MRO) expand in Latin America, especially Mexico and Colombia. (AAR) is focusing on public and private client acquisitions in Latin America.
(AAR)/(ALC) has also named John Fortson as its new (CFO) and VP Finance. Fortson is formerly Managing Director of Investment Banking at Bank of America Merrill Lynch.
July 2013: (AAR) (AFD)/(ALC) has been selected by (GE) Aviation (GEC) to retrofit main landing-gear door actuators on A318s, A319s, A320s and A321s with improved hydraulic actuators. (AFD)/(ALC), which will do the work at its landing gear facility in Miami, Florida with a 10-day turnaround time, works chiefly for airlines in North, Central and South America. (AFD)/(ALC) may eventually support airlines in Africa and Asia, since the actuator is easily shipped.
August 2013: (AAR) (AFD)/(ALC) has modified cabins on three A319-100s flown by Bhutan’s Drukair (DRU).
(AAR) (AFD)/(ALC) has signed a multi-year deal with Flybe (BEE) to provide wheels-and-brakes inventory for Bombardier Dash 8-Q400s. (AFD)/(ALC) has provided Flybe (BEE) with a large inventory of parts under a sale/leaseback agreement and will house an additional pool of high-demand wheels-and-brakes inventory in its Amsterdam warehouse.
(AAR) will open a new 520,000 sq ft/48,309 sq m maintenance facility in Lake Charles, Louisiana at Chennault International Airport. The maintenance center, which will be able to operate an airplane as large as an A380, will have space for up to seven wide body or 10 narrow body airplanes. An 118,000 sq ft expansion will also be added to the building.
(AAR) will open the facility with a staff of 250 people and plans to add another +500 people to the facility by 2017. It has not specified a date for when the building will open.
The new maintenance center will be (AAR)'s sixth (MRO) facility, adding to existing locations in Indianapolis, Miami, Oklahoma City, Duluth, Minnesota, and Hot Springs, Arkansas. It also has an Engineering arm in Singapore and has signed a letter of intent (LOI) to form a commercial airplane maintenance center in Ulyanovsk, Russia.
(AAR) logged 4.6 million man-hours across its facilities in 2012, a +33% year-over-year increase from 2011.
October 2013: (AAR) ((AFD)/(ALC) has delivered two converted 737-400s to the US Marshals Services (JPATS) (USV) for transporting prisoners.
November 2013: (AAR) ((AFD)/(ALC)) has trained Aerolíneas Argentinas (ARG) Maintenance Technicians (MT) on landing-gear maintenance for Boeing 737NGs.
March 2014: (AAR) ((AFD)/(ALC)) has received (EASA) certification for wide body maintenance at its Lake Charles, Louisiana, facility. (AAR) has also has been awarded a 3-year contract from Ireland’s Air Contractors (HCA) to provide component repair and management services for Boeing 757s.
(AAR) ((AFD)/(ALC)) has hired communications and government strategist, Kathleen Cantillon as Global Director of Communications & Reputation.
April 2014: (AAR) ((AFD)/(ALC)) will provide "C" checks on three of Aeromexico (AMX)’s Boeing 767s at its Indianapolis Maintenance Center. The contract is the first between (AAR) and Aeromexico (AMX).
June 2014: (AAR) ((AFD)/(ALC)) has become the first Maintenance Repair & Overhaul (MRO) operator to voluntarily share safety information with the (FAA)’s Aviation Safety Information Analysis & Sharing program.
November 2014: News Item A-1: From Air Transport World (ATW)'s Karen Walker's (ATW) Editors's Blog of November 19th, 2014 - -
Sanctions against Asiana won’t improve industry safety:
The Korean government has ordered Seoul-based Asiana Airlines (AAR) to suspend its flights to San Francisco International Airport (SFO) for a 45-day period as a penalty for the July 6, 2013 crash of a Boeing 777-200ER at that airport.
The Asiana (AAR) 777 involved, Flight 214, hit a sea wall at the end of the runway and crashed into the ground before catching fire. Three people were killed and nearly 50 received serious injuries.
It was, therefore, a very serious incident that gained worldwide attention. In a report issued in June, the USA National Transportation Safety Board (NTSB) highlighted “the flight crew (FC)’s mismanagement of the approach and inadequate monitoring of airspeed.” The (NTSB) also found that “the complexities of the auto throttle and autopilot flight director systems, and the flight crew (FC)'s misunderstanding of those systems, contributed to the accident.”
Korea’s action against Asiana (AAR), therefore, is understandable. Further, the country also suffered a separate serious tragedy in April, when a ferry capsized, resulting in the deaths of more than >300 people, including many school students. Naturally, there has been considerable public pressure for accountability.
Nevertheless, Korea’s punitive action against (AAR) is misguided and regrettable.
The airline industry has a long history of sharing information about incidents or “close calls” where an incident was narrowly avoided. That information sharing is based on an environment of trust and is a vital part of the global air transport industry’s extremely high safety record. No other form of transport (not even walking) is as safe.
In an environment where you risk punitive action, however, the willingness to share safety information is inhibited. Rather than improve safety, it could have the unintended consequence of doing the opposite over the long term.
(ATW) understands that (AAR) is considering an appeal. The (IATA), (AAPA) and several airlines have voiced their opinions against Korea’s sanctions.
Korea should listen to their concerns. They know and understand the importance of maintaining an open culture when it comes to safety. It’s a culture that has helped prevent many incidents.
No airline wants to risk a safety incident. It can be expensive in equipment terms and, of course, is a human tragedy, when people are harmed. Asiana (AAR) suffered both with Flight 214 as well as considerable damage to its good reputation.
But a flight suspension will not correct those wrongs. More important, it will not make Asiana (AAR) (or any other airline) “more safe”. Rather, it could set parts of the industry on the potentially dangerous path of hiding, rather than sharing, safety information.
January 2015: (AAR) (ALC) has been granted (AS9100) certification of its quality management system for manufacturing at the company’s (MRO) facility near Indianapolis International Airport. The certification covers airframe composites and metal parts, finish coatings and cargo containers. The company can now bid on composite materials used in airframe component assembly and repair.
March 2015: (AAR) (ALC) expects results for the 3rd quarter ended February 28 to come in below expectations due to lower flying positions and flight hours in airlift, $40 million pre-tax impairment for write-down of Precision Systems Manufacturing, $6 million pre-tax charge to reduce value of inventory, and $2.5 million pre-tax charge for employee severance. (AAR) expects a loss of -.73 to -.76 cents per share for the quarter.
April 2015: News Item A-1: (AAR) (AFD)/(ALC) has declared a quarterly cash dividend of $0.075 per share, payable on or before May 13, to stockholders of record as of the close of business on April 29.
News Item A-2: (AAR) (AFD)/(ALC) has amended a long-term general terms agreement with Liebherr-Aerospace. Liebherr will provide full support of (AAR)’s nose-to-tail comprehensive solution on Bombardier (BMB) airplanes.
July 2015: AAR (AFD)/(ALC)’s 4th-quarter and fiscal 2014 sales were $415.8 million, with net income of +$15.1 million or $0.36 per share.
August 2015: See attached - - "ALC-2015-08 - MRO-A/-B.jpg" for latest contact information.
October 2015: (AAR) Corporation (AFD)/(ALC) has declared a quarterly cash dividend of $0.075 per share, payable on or before November 12, 2015, to stockholders of record as of the close of business on October 28.
January 2016: (AAR) (AFD)/(ALC) named Jennifer Vogel to its board of directors.
February 2016: News Item A-1: (AAR) (AFD)/(ALC) has expanded its power-by-the-hour part-inventory management and exchange program to Asia. (AAR) signed its 1st (PBH) contract with (IBEX) Airlines in support of Bombardier CRJs. (AAR) will manage the aircraft supply chain from an extensive CRJ parts inventory through its global warehouse network. The agreement includes management of the complete component repair cycle at a firm fixed price. (IBEX) will also have access to the (AAR) pool of inventory through exchanges and procurement. The program begins with 2 CRJ200s and will expand to 9 in the coming months, including 7 CRJ700s. (AAR) has also signed an (MOU) with Korea Aerospace Industries, a military Maintenance Repair & Overhaul (MRO), to work together to establish a commercial aircraft (MRO) in South Korea.
News Item A-2: (AAR) (AFD)/(ALC) has been selected by Vision Systems to integrate Electronically Dimmable Windows (EDW) solutions for retrofit programs in Asia, Middle East, Africa, and North America.
(AAR) (AFD)/(ALC) and Vision Systems are partnering to develop customized solutions to replace the entire inside window including the casing and the dust panel. These systems have no moving parts as the electronics is fully integrated, reducing maintenance costs and downtime. They can be applied to flat or curved surfaces (2D, 3D), plastic or composite glass. The installation, wiring and Supplemental Type Certificate (STC) of Vision Systems' Electronically Dimmable Windows will be managed by (AAR),(AFD)/(ALC) as well as maintenance and customer support.
News Item A-3: (AAR), (AFD)/(ALC) has expanded and updated its hydraulic repair and overhaul facility at (AAR) Aircraft Component Services-Amsterdam. The renovation entailed significant investment in state-of-the-art testing equipment, a reconfiguration of the space and hiring additional personnel. These moves more than double the capacity of the facility to handle work on a longer list of parts, such as hydraulic pumps, flaps, thrust reverser and landing-gear actuators and flow-control and shutoff valves for Airbus (EDS), Boeing (TBC), Embraer (EMB), Bombardier (BMB) and other Original Equipment Manufacturer (OEM) aircraft.
April 2016: (AAR) (AFD)/(ALC) named Jason Secore as Treasurer. He is former VP Finance & Corporate Treasurer for Republic Airways Holdings.
October 2016: (AAR) (AFD)/(ALC) signed a 5-year agreement to provide power-by-the-hour component inventory management and repair services to South African Airways (SAA) Technical. The contract is valued up to $125 million.
November 2016: (AAR) has signed a long-term contract with Air New Zealand (ANZ) to provide cost-per-flight-hour rotable inventory support covering approximately 740 parts and 15 of (ANZ)’s 777s.
The reciprocal terms of the agreement will see (ANZ) become (AAR)’s exclusive component repair provider for selected parts in Asia-Pacific as well as a preferred supplier for selected parts world wide.
USA headquartered (AAR) said the contract both establishes a component inventory and repair partnership in the Asia-Pacific region, while also marking its 1st (PBH) contract solely for the 777s.
Deepak Sharma, President, (AAR) International Supply Chain, said: “This partnership complements (AAR)’s in-house component repair facilities in the USA and Europe and extends our reach in the fast-growing Australasia region.” Sharma described the union as the “beginning of a win-win partnership” that it hopes to extend to other projects in the Asia-Pacific region and beyond.
Meanwhile, (ANZ)’s Chief Operating Officer (COO) Bruce Parton added that the deal will help drive a high volume of work and in (ANZ)’s components business.
January 2017: (AAR) (AFD)/(ALC) will provide repair-by-the-hour integrated component services to Allegiant Air (WJE)’s fleet of Airbus A320 aircraft.
(AAR) (AFD)/(ALC) extended its Boeing 737CL component support contract with Iceland’s Bluebird Cargo (BLS).
February 2017: (AAR) (AFD)/(ALC), an independent provider of aviation services to airlines, (OEM)s and (MRO)s, has opened a parts warehouse at Dubai World Central Airport.
December 2017: (AAR) (AFD)/(ALC) named Andrew Kemmetmueller as Chief Digital Officer.
February 2018: (AAR) Aircraft Component Repair-Amsterdam (AFD)/(ALC) has an 8-year UTair (TYU) contract to provide component repair and exchange for its 737 and ATR fleets, plus reliability engineering support.
March 2018: (AAR) (AFD)/(ALC) had $3.6 million in net income on $1.27 billion sales for the 3rd quarter ended February 28 vs $35.3 million on $1.14 billion a year ago; sales in its Aviation Services segment increased +11.4% to $426.4 million.
October 2018: News Item A-1: (AAR) (AFD)/(ALC) has launched cloud-based "Airvolution" component repair management software solution for early 2019 to maximize repair cycle efficiencies and reduce operational costs via integrated analytics and business intelligence tools.
News Item A-2: (AAR) (AFD)/(ALC) announced power-by-the-hour component support contracts from Air Malta (MLT) for 3 A320neos and Air New Zealand (ANZ) for 30 A320ceos and 18 A320neos (ANZ deal includes reciprocal repair work with (ANZ) for the Asia-Pacific region).
2 727-31 (JT8D) (147-18903, /65 N210NE, LST (EAF); 160-18905, /65 N220NE, LEASED TO (CUS), EX-(TWA)/(ASG).
1 727-44 (JT8D) (148-18892, /65 N094GS), EX-(SAA)/(ASG), LEASED TO (EAF) 1997-01.
0 727-227 (JT8D) (1718-22092, /81 N275SC), EX-(FLA), LEASED TO (SCA). SCRAPPED AT MARANA 2003-07.
4 727-228 (JT8D) (562-19544, /68 N720DH; 564-19545, /68 N721DH; 685-19862, /69 N724DH; 845-20409, /70 N726DH), EX-(AFA), LEASED TO (DHL).
3 737-200 (JT8D-9A), EX-(SWA).
0 737-3Q8 (CFM56-3) (1924-24700), EX-(GIA), TO (PLI), LEASED TO (ISF).
10 737-400 (CFM56-3C), LEASED TO (MAS) 2007-07.
1 747-238 (FOR SALE).
11 ORDERS 747-136 (JT9D-7Q), EX-(BAB), TO BE BROKEN UP.
2 DC-10-10 (CF6-6D), PARKED.
3 A300B4-2C (CF6-50C2) (024; 028; 030), EX-(KAL), FROM (AWW).
Click below for photos:
ALC-3-Don Wetekam 2018-01.jpg
ALC-5-Carl Glover 2018-10.jpg
DAVID STORCH, PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO), (AAR) AIRCRAFT SERVICES CORPORATION.
JEFFREY SCHLOESSER, PRESIDENT AVIATION WORLDWIDE SERVICES (AWS) (2010-08).
MICHAEL BECKSTEAD, PRESIDENT & GENERAL MANAGER DISTRIBUTION (2001-04),
BRIAN OLDS, PRESIDENT & GENERAL MANAGER AIRCRAFT SALES & LEASING (2002-11).
DEEPAK SHARMA, PRESIDENT, (AAR) INTERNATIONAL SUPPLY CHAIN.
JOHN FORTSON, CHIEF FINANCIAL OFFICER (CFO) & VP FINANCE (2013-06).
John is formerly Managing Director of Investment Banking at Bank of America Merrill Lynch.
JASON SECORE, TREASURER (2016-04).
DON WETEKAM, SENIOR VP GOVERNMENT & DEFENSE BUSINESS DEVELOPMENT (2010-06).
Donald J Wetekam is the Senior VP Government & Defense Business Development, responsible for strengthening (AAR) (AFD)/(ALC)’s presence in government and defense markets as well as managing legislative engagement activities. Don joined (AAR) in 2007 and led (AAR)’s Maintenance Repair & Overhaul (MRO) operations encompassing 4 aircraft maintenance centers and a landing gear overhaul center that provides quality service for leading domestic and international airlines as well the US Air Force and US Navy. He assumed his current position in June 2010. Prior to joining (AAR), Don served 34 years in the US Air Force, retiring as a Lieutenant General after his final assignment as Deputy Chief of Staff for Installations and Logistics in Washington, DC.
He holds a bachelor of science degree from the US Air Force Academy, a Master of Engineering Administration from the University of Utah, and a Master of National Resource Management from the National Defense University.
CARL GLOVER, VP SALES & MARKETING (AAR) (NYSE)
Carl joined (AAR) in 2000 in the capacity of Sales Manager within the Aircraft Turbine Center, responsible for inventory sales to operators, financial houses, lessors, (OEM)’s, (MRO)’s and various intermediaries. In 2004 Carl was promoted to Director Commercial Sales for the (EMEA) region for the Aircraft Turbine Center helping achieve their business plan alongside implementing growth in their business footprint.
Carl was promoted to VP Sales for the Aviation Supply Chain group in March 2009. In this expanded role, Carl was responsible for supporting and growing the Aviation Supply Chair sector of (AAR). This includes overseeing activities and business growth in the Engine sector alongside growth in the airframe components division. The focus of the supply chain group is Engine support, Airframe Inventory Programs, (OEM) Products, Structured repair and flight hour agreements; along with Asset Disposal and Trading.
Carl has worked in the Aerospace industry for >18 years and holds both Graduate and Post Graduate qualifications in Marketing, alongside an MBA from the Ashridge Hult Business School, UK.
MARK MCDONALD, (AAR) GROUP VP MANUFACTURING & MAINTENANCE REPAIR & OVERHAUL (MRO).
DAVE CANN, VP REGULATORY COMPLIANCE (2009-01).
ANDREW KEMMETMUELLER, CHIEF DIGITAL OFFICER (2017-12).
GEORGE SLABOWSKI, DIRECTOR ENGINEERING SUPERINTENDENT STRUCTURES.
MS KATHLEEN CANTILLON, GLOBAL DIRECTOR COMMUNICATIONS & REPUTATION (2014-03).