May 24, 2013
Top MRO Provider AAR Recognized with FAA Diamond Awards
Company distinguished for excellence in technical and regulatory training
WOOD DALE, Illinois — AAR (NYSE: AIR) announced that it has earned the Federal Aviation Administration’s (FAA’s) Diamond Certificate of Excellence at eight FAA-certified repair station locations. The Diamond Certificate is the highest honor in the FAA’s Aviation Maintenance Technician (AMT) Awards Program, which recognizes businesses and technicians that meet or exceed the FAA’s requirements for technical and regulatory training. More than 1,500 AAR AMTs earned individual recognition in the program.
“We are proud of our global team of AMTs for their initiative and commitment to ongoing professional development,” said Timothy J. Romenesko, President and Chief Operating Officer, AAR CORP. “We continue to invest in training and education to help employees sharpen their skills, keep pace with new technologies and provide higher levels of value for our customers.”
The announcement coincides with National Aviation Maintenance Technician (AMT) Day, which recognizes aircraft technicians in honor of Charles E. Taylor, who built and maintained the engine used to power the Wright brothers’ first controlled aircraft on December 17, 1903.
AAR was recently voted the Best Airframe MRO Provider — Americas by customers in ATE&M magazine’s 2012 Aircraft Technology Engineering and Maintenance Awards and named Aircraft Parts Supplier of the Year and one of the Top Five MROs in the world in an industry ranking conducted by Airline Economics magazine.
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 signs new component repair agreement with Cebu Pacific
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a multi-year agreement to provide Cebu Pacific Air with nacelle maintenance, repair, and overhaul services for the airline’s A320 fleet powered by the CFM56-5B engine. This work will be performed at AAR’s Component Services facility in Chonburi, Thailand.
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AAR’s Component Services facility in Amsterdam ranked No.1 Best Source of Repair by NATO Support and Procurement Agency
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that its Component Services facility in Amsterdam has been named a “Best Source of Repair” and ranked number one among all component source of repair (SOR) facilities by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO). Both organizations manage maintenance work for NATO.
