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Air Canada
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Close 2017-09-18 C$ 23.65
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Air Canada, AAR sign $500M airframe maintenance deal

2017-09-19 10:41 ET - News Release

Mr. Chris Jessup of AAR reports

AIR CANADA AND AAR CONCLUDE $500M CAD AGREEMENT FOR AIRFRAME MAINTENANCE IN QUEBEC, CANADA

Global aviation services leader AAR Corp. and Air Canada have signed a 10-year agreement to provide airframe maintenance for the airline's Airbus narrow-body fleet of A319, A320 and A321 aircraft as well as a new five-year agreement for Air Canada's Embraer E-190 fleet. AAR will perform the work at its maintenance, repair and overhaul (MRO) facility at Trois-Rivieres Airport in Quebec, previously known as Premier Aviation.

The work to be performed on Air Canada's fleet of 125 narrow bodies will require approximately 350 aircraft mechanics at AAR's Trois-Rivieres facility. The total value of the contract over its term is estimated to be approximately $500-million.

"We have been very pleased with the quality and turnaround time of AAR and the Trois-Rivieres facility for the work performed on our narrow-body fleet over the past five years and are especially delighted that additional work can now be performed in Trois-Rivieres, Que.," said Richard Steer, senior vice-president, operations, at Air Canada. "This contract further supports the development of Quebec's aviation sector by encouraging industry expertise and job growth in the coming years, and Air Canada is proud to be a significant contributor to the economy of the region."

"We are honoured by Air Canada's confidence in AAR's airframe heavy maintenance expertise and look forward to continuing our long-term relationship," said Chris Jessup, chief commercial officer of AAR.

About Air Canada

Air Canada is Canada's largest domestic and international airline serving more than 200 airports on six continents. Air Canada provides scheduled passenger service directly to 64 airports in Canada, 57 in the United States, and 96 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central America and South America.

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