AAR, South African Airways Technical plan joint venture.
AIRLINE INDUSTRY INFORMATION-(C)1997-2015 M2 COMMUNICATIONS
AAR (NYSE: AIR) and South African Airways Technical, the maintenance division for the leading airline in Africa, South African Airways (SAA), said they have signed a memorandum of understanding to establish a joint venture partnership to reduce costs and increase operational efficiencies of the airline's fleet. The joint venture will also focus on growing SAAT's MRO services to third-party customers/airlines across the continent.
Under the agreement, AAR will provide operational analysis and technical assistance for MRO and warehouse facilities and integrate IT solutions including AAR's 1MRO Software Suite. AAR has a global reputation in the aviation sector for improving operational efficiencies and turn times, as well as lowering costs through its customer-centric solutions.
AAR also will support expansion of SAAT's component repair capabilities, including landing gear, and potentially support a new MRO facility in West and Central Africa to meet growing regional travel in sub-Saharan Africa and increasing international travel to the continent.
"This joint venture is part of our efforts to further expand in developing markets like Africa," said Storch. "We are excited to partner with Africa's premiere MRO to help them streamline operations, reduce costs and expand service across the continent, including countries like Nigeria and Ghana."
South African Airways (SAA) is the leading carrier in Africa, serving 56 destinations, in partnership with SA Express, SA Airlink and its low cost carrier, Mango, within South Africa and across the continent, and nine intercontinental routes from its Johannesburg hub.
AAR is a global aerospace and defense company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Expeditionary Services.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||Airline Industry Information|
|Date:||Jun 17, 2015|
|Previous Article:||Boeing Business Jets gets order for new BBJ MAX 9.|
|Next Article:||Angel MedFlight gets IS-BAO Stage 2 aviation accreditation.|