AIRS contract announcement:
This is a company I mentioned a while back as a sleeper pick. The fundamentals are looking excellent IMO.
American Aircarriers Support Awarded $20 Million Long-Term Service Contract
FORT MILL, S.C., June 10 /PRNewswire/ -- American Aircarriers Support, Incorporated (''AAS'') (Nasdaq: AIRS - news), a leading international supplier of aviation services, announced today that the Company has been awarded a $20 million service contract to maintain, overhaul and repair JT8 engines for Amerijet International, Inc (''Amerijet''). The five-year contract covers the engines powering Amerijet's fleet of 10 B727 aircraft. Amerijet is a leading international all-cargo airline based in South Florida. The airline offers more direct, scheduled routes between North America and the Caribbean, Mexico and Latin America than any other cargo airline serving the region.
Commenting on the agreement, Karl Brown, chairman and chief executive officer of American Aircarriers Support, stated, ''This long-term agreement with Amerijet elevates AAS Amjet to a new level in the marketplace. This agreement, along with other commitments from various airlines with AAS Landing Gear Services and AAS Complete Controls demonstrates that our vision of providing one-stop shopping to airlines is being well received.''
''We are pleased to enter into this long term service agreement with Amerijet, '' said Joseph Civiletto, president and chief operating officer. ''Our AAS-Amjet engine facility has been overhauling engines for Amerijet during the past year. We believe our commitment to superior quality and level of service at a reasonable price earned this commitment.''
American Aircarriers Support, Incorporated is an international supplier of aviation services supplying ''Total Parts Support'' internationally to major commercial and cargo airlines, maintenance and repair facilities and other parts distributors. American Aircarriers Support also offers engine management services, and maintenance, repair and overhaul services for engines, landing gear and flight control surfaces at its FAA licensed facilities.
This press release may contain forward-looking statements. Forward- looking statements usually contain the words ''believe'', ''estimate'', ''project'', ''expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on many assumptions and factors, and although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such forward-looking statements involve risks and uncertainties and actual results could differ from those described. Future results of operations may vary due to numerous factors, many of which are beyond the control of the Company.
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SOURCE: American Aircarriers Support, Incorporated |
