June 18, 2013
AAR Signs LOI to Explore Establishment of Supply Chain and MRO Operations in Russia
Leading aerospace provider takes steps to expand its international presence and customer base
PARIS, France — AAR CORP. (NYSE: AIR) announced today from the Paris Air Show that it has signed a letter of intent outlining a tentative two-phase project to establish a technical maintenance center for commercial aircraft in Ulyanovsk, Russia. The project, as initially defined, includes an aircraft parts distribution and logistics center, scheduled to open in mid-2014, followed by a commercial aircraft maintenance facility, scheduled to open in 2015.
“Our long-term growth strategy continues to address what is clearly a global opportunity for value-added aviation services,” said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. “With this agreement, AAR will extend its superior value proposition into this rapidly growing, yet significantly underserved market in Russia and eastern Europe. We believe we are in an excellent position to leverage our expertise to establish a world-class facility with a comprehensive service offering to support a wide range of customers throughout the region. We are confident that with the assistance of our strong, capable partner Mr. Mukharbek Aushev and the continued support of the Russian government, we can bring this project to fruition.”
Konstantin Koloskov, principal at Tur Partners LLC, a Chicago-based advisor specializing in infrastructure development within Russia, commented, “We are very pleased to work with AAR on the exploration of this important project. The Russian aviation marketplace, the excellent support of the leadership in Russia, and AAR’s industry leading position make a powerful combination that we expect will lead to a successful launch and strengthen Ulyanovsk’s position as an aviation center of excellence.”
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.
Related news
See all
March 13, 2025
AAR to announce third quarter fiscal year 2025 results on March 27, 2025
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its third quarter of fiscal year 2025, ended February 28, 2025, after the close of the New York Stock Exchange trading session on Thursday, March 27, 2025.
March 12, 2025
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.
March 10, 2025
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.
