January 30, 2018
AAR Names Brian Sartain Senior Vice President, Repair and Engineering Services
Industry vet will work with customers on integrated aviation services solutions
WOOD DALE, Illinois, January 30, 2018 – Global aviation services leader AAR (NYSE: AIR) announces that Brian Sartain has joined AAR in the new position of Senior Vice President, Repair and Engineering Services, reporting to President and Chief Operating Officer John M. Holmes. In this senior leadership role, Sartain will oversee AAR’s MRO Services, Component Repair, Engineering Services, Landing Gear Services and Composites market solutions.
“Brian is an accomplished leader in the aviation industry. We are looking forward to the expertise and leadership he will bring to further integrating the breadth of repair and engineering services that AAR provides to customers across our global network,” said Holmes.
Sartain has more than 25 years of aerospace experience, most recently as Executive Vice President, Aerospace, with Chromalloy Gas Turbine, a global technology company providing integrated solutions for OEMs, commercial airlines, militaries and energy companies. Prior to Chromalloy, Sartain was Vice President, Business Development – Sensors & Integrated Systems at United Technologies Aerospace Systems (UTAS), and Vice President and General Manager of several businesses with the Goodrich Aerospace Corporation.
“AAR is uniquely positioned to provide nose-to-tail aviation services and has a proven history of anticipating and meeting customers’ needs. I am excited to help AAR bring these capabilities together to provide additional value to customers, meet the needs of new-generation aircraft, and contribute to the Company’s continued success in both the commercial and government sectors,” said Sartain.
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.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
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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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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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.
