May 12, 2014
AAR Named Best Airframe MRO Provider in the Americas
LONDON, England – AAR (NYSE: AIR) was named Best Airframe MRO Provider in the Americas at the 2014 Aircraft Technology Engineering & Maintenance (ATE&M) Awards ceremony held May 7 in London. The ATE&M commercial aviation aftermarket awards are voted on by thousands of professionals across the aviation industry. This is a second time AAR has received this recognition since 2012.
Through its 1MRO network, AAR streamlines its diverse capabilities across six aircraft repair stations in the U.S., delivering the same quality service no matter where the work is performed. AAR’s MRO locations include hangars in Indianapolis, Miami, Oklahoma City, Duluth, Minn., Hot Springs, Ark., and Lake Charles, La., which can accommodate both wide- and narrow-body repair work.
“Everything we do at AAR is customer-driven, from our close-to-the-customer business model to our expansion into new global markets. So this award means a lot coming from our customers who we thank for their partnership, continued support and confidence,” said Dany Kleiman, Aviation Services Group Vice President – Repair and Engineering. “I congratulate AAR’s employees. They’re the ones who make it possible for AAR to provide convenient, flexible and creative turn-key solutions that enhance and complement our customers’ operations.”
AAR is also ranked the No. 1 provider of MRO services in North America and third in the world.
About ATE&M
Aircraft Technology Engineering & Maintenance magazine has covered advances and trends in manufacturing and maintenance in commercial aviation since 1972. It is the official publication for the UBM Aviation Exhibitions and UBM Aviation Conferences.
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.
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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.
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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.
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.
