AAR signs new component repair agreement with Cebu Pacific

Core Points - AAR CORP. has signed a multi-year agreement with Cebu Pacific Air for nacelle maintenance, repair, and overhaul services for the airline's A320 fleet powered by the CFM56-5B engine [1] - The maintenance work will be conducted at AAR's Component Services facility located in Chonburi, Thailand [1] - AAR has a longstanding relationship with Cebu Pacific, previously supplying USM engine material and providing warranty management and repair cost oversight services [2] Company Overview - AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries, headquartered in the Chicago area [5] - The company supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [5] Cebu Pacific Overview - Cebu Pacific is the leading airline in the Philippines, having entered the aviation industry on March 8, 1996, and has flown over 200 million passengers since its inception [6] - The airline offers the widest domestic network in the Philippines with 35 domestic destinations and operates flights to 25 international destinations across Asia, Australia, and the Middle East [6]