February 22, 2013
AAR’s Cheryle R. Jackson Joins White House ‘Doing Business in Africa’ Forum
Aerospace exec shares Company’s strategies for tapping opportunities in sub-Saharan region
WOOD DALE, Illinois – Cheryle R. Jackson, Vice President of Government Affairs and Corporate Development for AAR (NYSE: AIR), was among key government, business and international trade leaders who convened in Washington on Wednesday for the “Doing Business in Africa” forum. Sponsored by the White House Business Council, the one-day conference was an extension of President Obama’s Africa initiative announced late last year. Speakers and panelists talked about how to overcome challenges and empower U.S. businesses to identify and capitalize on opportunities.
Dr. Rebecca Blank, Acting Secretary of Commerce, gave opening remarks and Valerie Jarrett, Senior Advisor to the President, delivered the White House welcome.
Jackson was a leader of the breakout session, “How to Get Started in Sub-Saharan Africa,” along with Lisa Phillip, President, Hybas International, and Antwaun Griffin, Deputy Assistant Secretary for Domestic Operations, International Trade Administration, U.S. Department of Commerce.
“At AAR, we applaud the administration’s efforts to demystify business opportunities in this important but largely untapped, undervalued market,” Jackson said. “As one of the world’s leading providers of supply chain, logistics and expeditionary airlift for commercial and defense customers, Africa holds great potential for AAR to raise its visibility and generate new sources of revenue.”
In the past year, Jackson has played an integral role in developing government, business and civic relationships in Africa to expand business and drive AAR’s double-digit sales growth.
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.
Related news
See all
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.
