January 18, 2013
AAR Extends Recruiting for Aircraft Mechanics to Twin Cities
Candidates sought for 70 positions in Duluth, MN, at job fair
MINNEAPOLIS/ST. PAUL – AAR (NYSE: AIR) has job openings for 70 aircraft mechanics at its maintenance, repair and overhaul (MRO) station in Duluth and is expanding recruitment to the Twin Cities with a job fair on January 23.
From 1 to 7 p.m. at the Radisson Hotel Bloomington by Mall of America, 1700 American Blvd., Bloomington, AAR recruiters will be accepting applications for good-paying jobs that require industry specialization and certification but not a four-year college degree. AAR has created more than 100 jobs since opening the Duluth MRO in November. At capacity, the facility could create up to 225 jobs.
“We’re taking a deeper dive across the state to find people with the requisite skills and aptitude to fill these highly skilled positions,” said Dany Kleiman, AAR’s Aviation Services Group Vice President – Repair and Engineering. “Careers in aviation are critical to supporting our regional, national and global economy, as well as air travel in the U.S. and abroad.”
As the nation’s unemployment rate hovers at 7.8 percent, 10.8 percent for military veterans, growth at midsized companies such as AAR is putting people back to work. Today, less than half of Americans between ages 25 and 34 earn four-year college degrees, according to the Wall Street Journal. One-fourth of men with only a high school degree don't have jobs. http://www.nationaljournal.com/next-economy/the-no-good-very-bad-outlook-for-the-working-class-american-man-20121205.
This month, AAR launched aggressive recruitment nationwide to staff up the five aircraft repair stations that comprise its 1MRO™ service delivery network. The Company is particularly interested in hiring military veterans, which make up 20 percent of its workforce.
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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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.
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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.
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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.
