October 28, 2013
AAR Trains South American Airline on Boeing 737NG Landing Gear
Program for Aerolineas Argentinas technicians covers full maintenance and overhauls
MIAMI – AAR (NYSE: AIR) has completed a comprehensive training program for Aerolíneas Argentinas S.A., bringing technicians of the South American airline up to speed on landing-gear maintenance for Boeing 737 Next Generation aircraft. The instruction covered all upkeep tasks, including techniques, processes, and procedures for overhauls.
Participants received classroom instructions, along with on-the-job training, at AAR’s facility in Miami. AAR’s team of landing gear technical experts provided a series of lectures that covered technical documentation related to the Boeing 737NGs, including service letters, service bulletins, and airworthiness directives.
“After the basics were taught in the classroom, our guests from Aerolíneas Argentinas were given hands-on experience alongside an AAR lead, working on landing gear,” said Peter Loeb, Vice President and General Manager, AAR Landing Gear Services. “The team here in Miami relishes such opportunities to pass on knowledge to other technicians. We appreciate our business relationship with Aerolíneas Argentinas, and we are thrilled with the opportunity to broaden that tie through training and information-sharing.”
After successfully passing a comprehensive examination, each participant from Aerolíneas Argentinas received a certificate of completion, returning to work on landing gear with a high degree of confidence and technical competence.
The Buenos Aires–based airline recently agreed to purchase 20 Next Generation 737-800 airplanes from Boeing. Those will join the 26 Next Generation 737s already in the carrier’s fleet.
AAR offers a wide variety of aviation services that include aircraft maintenance, repair and overhaul, and supply-chain capabilities for commercial airlines, MRO, defense agencies, and OEMs. AAR’s landing gear facility provides full-service solutions in-house for commercial and military operators worldwide.
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.
