August 18, 2014
AAR’s Nordisk Delivers the Industry’s Lightest Full-Aluminum Containers to Korean Air
Leading international provider of advanced ULDs helps airline save fuel and emissions
Norway — AAR’s Nordisk Aviation Products announced today it has started delivery of 400 Nordisk AluLite AKE air cargo containers to Korean Air. The Nordisk AluLite AKE weighs 65 kg and is the lightest-weight full-aluminium airfreight LD3 container in the industry.
“Korean Air continues to favour aluminium because of its simplicity in maintenance and greater recycling benefits. With the Nordisk AluLite, Korean Air also gets the lightest full aluminium AKE container available,” says Boon Yang Sim, Nordisk's Vice President of Sales and Business Development, Asia Pacific and the People’s Republic of China.“Nordisk’s relationship with Korean Air began in 1979 and has leveraged Nordisk’s development of lighter containers for the past 35 years without compromising durability and quality.”
Nordisk is the leading supplier of air cargo containers and pallets in the industry. With more than 700,000 ULDs sold over 40 years, Nordisk ULDs are used by virtually every airline operating wide-body aircraft.
AAR (NYSE: AIR), with its Telair and Nordisk subsidiaries, offers a full line of main-deck and lower-deck cargo systems and a variety of baggage handling and freight solutions that enable increased payload and fuel savings. From the Nordisk Ultralite®, the lightest-weight container in the industry, to a patented Sliding Carpet® baggage loading system to specialized pallets, containers and air mobile shelters, AAR offers products with excellent strength-to-weight performance, high reliability and low total cost of ownership, backed by a global aftermarket support network.
About Nordisk Aviation Products
A subsidiary of aviation industry leader AAR CORP., Nordisk Aviation Products designs, manufactures and sells air cargo containers and pallets, also known as Unit Load Devices (ULD) to the global commercial aviation industry. Nordisk, established in 1970, has production facilities in Norway, China and the United States and has spare parts warehousing and sales offices across Europe, Asia, and the United States. Nordisk containers and pallets are flown by nearly every airline operating wide-bodied aircraft in the world, enabling their valuable cargo and baggage to be transported safely and securely. For more information visit www.nordisk-aviation.com or call + 852 2107 6668.
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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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.
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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.
