July 30, 2013
AAR Selected by ExpressJet to Provide Landing Gear Overhaul Services
No. 1 MRO provider in Americas wins 5-year award to service Embraer ERJ-145XR fleet
WOOD DALE, Illinois — AAR (NYSE: AIR) announces a five-year contract with ExpressJet Airlines to provide landing gear overhaul services on its fleet of 104 Embraer ERJ-145XR aircraft.
AAR will perform gear overhauls in a dedicated regional aircraft product area at its 180,000-square-foot Landing Gear Services MRO facility in Miami. ExpressJet, a wholly owned subsidiary of SkyWest, Inc., is the world’s largest regional airline.
“It’s rewarding for an industry leader such as ExpressJet to recognize our extensive experience with the ERJ-145 landing gear, as well as our ability to meet their rigorous quality and program requirements,” said Pastor Lopez, Vice President, Aircraft Components and Landing Gear. “This multi-year contract energizes our team to meet the high performance standards our customers have come to expect.”
AAR marshals resources to satisfy a vast array of aircraft needs via its 1MRO network across five U.S. cities, with facilities in Duluth, Minnesota, Indianapolis, Miami, Oklahoma City and Hot Springs, Arkansas. Recently, AAR again was named the No. 1 Airframe MRO Provider in North America and No. 3 in the world based on an industry survey by Aviation Week.
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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December 23, 2024
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.
