May 31, 2012
Top MRO Provider AAR Receives FAA Approval for 737NG Life Raft Stowage Compartment
Innovative design helps alleviate overhead bin space challenge for airlines
WOOD DALE, Illinois – AAR (NYSE: AIR) received Federal Aviation Administration Supplemental Type Certificate (STC) approval to install life raft stowage compartments on Boeing 737NG aircraft, providing passengers with more overhead room for carry-on baggage.
AAR’s innovative design enables life rafts to be stored in the ceiling space above aircraft aisles, as opposed to using valuable overhead bin space. With this enhancement, the 737NG – already among the most efficient, high-tech planes in its class – gains an even stronger competitive advantage.
“We are excited to offer our airline customers a state-of-the-art solution to increase available storage room on the aircraft,” said Ron Eaton, Vice President, AAR Engineering Services. “This is a great retrofit option for airlines looking to provide additional overhead bin space for their passengers.”
The modification was developed by AAR Engineering Services, which also managed the FAA STC approval process. AAR manufactured the life-raft compartments and conducted final assembly at its AAR Aircraft Services — Indianapolis operation.
AAR Engineering Services provides a wide range of high-quality, cost-effective technical services, specializing in interior reconfigurations, structural and systems modifications, and avionics upgrades requiring FAA or other regulatory agency approvals.
AAR was recently voted the Best Airframe MRO Provider — Americas by customers in ATE&M magazine’s 2012 Aircraft Technology Engineering and Maintenance Awards and named Aircraft Parts Supplier of the Year and one of the Top Five MROs in the world in an industry ranking conducted by Airline Economics magazine.
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.
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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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AAR named one of America’s Most Responsible Companies 2025 by Newsweek
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been recognized by Newsweek as one of America’s Most Responsible Companies 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced earlier this month and can currently be viewed on Newsweek’s website.
December 20, 2024
AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio
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.
December 19, 2024
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.
