AAR Corp's (AIR) Airinmar Signs Multi-Year Support Service Extension With Philippines-based Low-Cost Carrier Cebu Pacific

AAR Corp. (NYSE:AIR) is one of the Undervalued Aerospace Stocks to Buy Now. On September 16, Airinmar, a subsidiary of AAR Corp. (NYSE:AIR), announced signing a multiyear support services extension with Philippines-based low-cost carrier Cebu Pacific.​

The deal, which started in 2022, will continue, and Airinmar will provide component repair cycle management and aircraft warranty management. These services will help Cebu Pacific maximize warranty recoveries and reduce maintenance and repair costs. ​

Cebu Pacific’s Vice President for Engineering, Shevantha Weerasekera, highlighted that Airinmar’s tailored solutions have helped manage maintenance costs as the airline grows its fleet. The airline now operates 100 aircraft and has over 100 more on order.​

AAR Corp. (NYSE:AIR) provides aerospace and defense aftermarket solutions worldwide. It sells aircraft parts, offers maintenance and repair services, and manages fleet operations.​

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Disclosure: None. This article is originally published at Insider Monkey.