May 16, 2012
AAR Voted Best Airframe MRO Provider in the Americas
ATE&M magazine honors industry’s top suppliers in London
WOOD DALE, Illinois – AAR (NYSE: AIR) was voted by customers as Best Airframe MRO Provider — The Americas, receiving the honor at an annual Aircraft Engineering, Technology and Maintenance (ATE&M) Awards gala in London.
The ATE&M awards are given to the industry’s best suppliers, nominated by aviation industry professionals. AAR’s Aircraft Services division operates Maintenance, Repair and Overhaul (MRO) facilities in Indianapolis, Oklahoma City, Hot Springs, Arkansas, and Miami, employs more than 2,800 airframe and sheet metal mechanics, technicians, trainers, managers and support personnel.
“To be selected by customers for this recognition is a great honor,” said Dany Kleiman, Group Vice President of AAR’s MRO operations. “AAR has become the largest independent provider of aircraft maintenance in the U.S. and to be recognized as the best reflects the hard work and dedication of our team — from the front offices to the back shops.”
Kleiman’ s vision for the MRO organization is to build on AAR’s track record of safety and performance by combining diverse services into a unified offering for airline customers, regardless of where they operate. This is the foundation of AAR’s 1MRO initiative — to be a single source for customers’ MRO requirements and to provide the same high levels of service, regardless of which AAR location is performing the work.
Accepting the award for AAR at the London ceremony, attended by more than 500 industry executives, was Patrick F. Aherne, General Manager and Senior Vice President for AAR, based in London.
The award is the latest industry honor earned by AAR, which was recently named Parts Supplier of the Year and One of the Top Five MROs in the world by Airline Economics magazine, based on votes from more than 11,000 senior-level aviation and investment executives.
About ATE&M
Aircraft Technology Engineering & Maintenance magazine has covered advances and trends in manufacturing and maintenance in commercial aviation since 1972. It is the official publication for the UBM Aviation Exhibitions and UBM Aviation Conferences.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Contact
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
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Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings.
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AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC
Wood Dale, Illinois — AAR CORP. (NYSE: AIR) (“AAR” or the “Company”) announced today that it has reached resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the “FCPA”) relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa.
