April 16, 2015
AAR Wheel and Brake Services Grabs 4th Top Shop Award
OneAero MRO recognizes excellence in customer support, turn times and pricing
MIAMI – AAR (NYSE: AIR) announces that its Wheel and Brake Services business segment has earned a 2015 Top Shop Award from OneAero MRO. This is the fourth time since 2010 that AAR has been selected. Only 17 out of more than 500 repair centers listed on the OneAero MRO online database receive Top Shop recognition.
The winners were announced during the MRO Americas 2015 conference in Miami Beach. Awards were presented at a luncheon hosted by OneAero MRO on Monday at the Biltmore Hotel in Coral Gables, FL.
The Top Shop Award recognizes superior customer support, excellent turnaround times and competitive repair pricing in several categories of aviation maintenance, repair and overhaul (MRO).
AAR offers a complete range of landing gear, wheel and brake services, including repair, rebuilding and inspection, for all major aircraft types used in commercial, military and regional operations.
“The consistency of this award indicates the commitment and dedication our employees demonstrate on a daily basis,” said Jesus Banal, General Manager, Landing Gear Services, Wheel and Brakes, Miami. “Customer satisfaction and quality is what we strive for. And this recognition further demonstrates that we are moving in the right direction with our continuous improvement strategy.”
Wheel and Brake Services are part of AAR’s 1MRO service offerings, which include engineering and aircraft services delivered via a network of six aircraft repair stations in Miami; Duluth, Minn.; Indianapolis; and Oklahoma City.
Winners of the Top Shop award were nominated and selected by their peers in the aviation industry. OneAero MRO, a global leader in providing online marketing and support services to the aviation repair market, whittled the nominations to create a list of finalists, voted on by a panel of 20 airlines and suppliers around the world to select the 2015 winners.
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.
