AAR has signed a long-term contract with Air New Zealand to provide cost-per-flight-hour rotable inventory support covering approximately 740 parts and 15 of the airline’s Boeing 777 aircraft.
The reciprocal terms of the agreement will see Air New Zealand become AAR’s exclusive component repair provider for selected parts in Asia-Pacific as well as a preferred supplier for selected parts worldwide.
U.S.-headquartered AAR said the contract both establishes a component inventory and repair partnership in Asia-Pacific while also marking its first PBH contract solely for the 777 aircraft.
Deepak Sharma, president, AAR international supply chain, said: “This partnership complements AAR’s in-house component repair facilities in the U.S. 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, Air New Zealand’s chief operating officer Bruce Parton added that the deal will help drive a high volume of work and in the carrier’s components business.