April 11, 2013
AAR’s Nordisk Certified by Chinese Aviation Authority
European manufacturer’s containers, pallets and related products receive CAAC approval
WOOD DALE, Illinois — Nordisk Aviation Products, a subsidiary of AAR CORP. (NYSE: AIR), has received Chinese technical standard order (CTSO) approval on several of its products through a working arrangement between the Civil Aviation Administratio¬n of China (CAAC) and the European Aviation Safety Agency (EASA).
Nordisk is the first manufacturer from Europe to benefit from the cost-saving collaboration between the Chinese and European airworthiness authorities since it was adopted in 2010. Accepting each other’s applications for CTSO approval eliminates redundancies in inspections, evaluations and testing, preserving safety and environmental compatibility.
“The CTSO certification is an endorsement of Nordisk’s quality system, our designs organization and production facilities,” said Frode Ljoterud, President of Nordisk Aviation Products. “Receiving this approval from CAAC reinforces our presence in China and solidifies our position as a global market leader.”
Ljoterud accepted the certificate from Li Bo, CAAC Airworthiness Inspection Division Director, during a ceremony in Beijing, China, last month.
Nordisk has been serving international airlines with certified air cargo containers and pallets since 1972. In addition to the newly acquired CTSO, all products are certified according to ETSO and Technical Standard Order C90.
“This process is a roadmap of how industry can get the necessary approvals from the overseas authority to gain access to its market,” said Markus Görnemann, Deputy Head of Products Department at EASA. “The working arrangement allowed both authorities to define minimum requirements, acknowledge existing systems on each side and avoid duplication of work.”
AAR acquired Nordisk Aviation Products in 2011, along with Telair International, boosting the Company’s commercial manufacturing business. The combination of Nordisk, Telair and AAR Cargo Systems makes AAR one of the world’s premier providers of cargo systems and products for commercial and military aircraft.
About Nordisk Aviation Products
Nordisk designs, manufactures and sells air cargo containers and pallets, also known as Unit Load Devices (ULD), to the global commercial aviation industry. Based in Holmestrand, Norway, Nordisk has production facilities in Norway and China and sales offices in Europe, Asia and the United States. Nordisk containers and pallets are used by almost every airline operating wide-bodied aircraft, enabling huge amounts of cargo and baggage to be transported safely and securely.
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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