A Kenya Airways' Boeing aircraft at JKIA, Nairobi. FILE
What you need to know:
AAR is based in Illinois, Chicago and its main business is the supply (lease or sale) of aircraft, acquiring and installing spare parts for airlines and also conversion of passenger planes to freighters.
A Chicago-based aviation services company has won a lucrative deal to supply Kenya Airways with engine spare parts and repair some of its aircraft.
AAR Corporation will for the next five years service KQ’s nine Boeing 737 next generation (NG) planes, in addition to two more expected deliveries this year.
In the “power-by-the-hour component support” agreement, the national carrier would pay AAR a monthly fixed cost for repairs on the planes, depending on the number of flying hours clocked.
“This deal focuses on component support for 737NG aircraft and AAR will maintain a large inventory of components in our recently acquired warehouse in Brussels,” said Rahul Shah, AAR’s senior vice president and managing director of Africa and Middle East.
“We will also maintain some of the inventory at Kenya Airways’ location to support their critical requirements.
“We will start with an inventory worth Sh440 million and this may grow up to double million in the near future.”
The multinational, however, declined to disclose the exact value of the partnership with KQ only stating that it was a “multi-million dollar” deal.
AAR is based in Illinois, Chicago and its main business is the supply (lease or sale) of aircraft, acquiring and installing spare parts for airlines and also conversion of passenger planes to freighters.
Kenya Airways has other similar support and lease deals.
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