|AAR Duluth Delivers First Plane and 100 jobs Ahead of the Holiday Season
Company’s newest aircraft maintenance facility is up and running
DULUTH, Minnesota, December 17, 2012 — With AAR’s (NYSE: AIR) Duluth Maintenance, Repair and Overhaul (MRO) facility now operational, the Company announced that it completed and delivered its first aircraft Friday. AAR has also created more than 100 jobs in Duluth to date.
This success marks a major milestone for AAR’s newest aircraft maintenance facility, which commenced operations last month, and sets the stage for the Company’s next phase of growth in Duluth. AAR is working to fill additional openings for 60 jobs at the facility. At full capacity, the formerly vacant 188-thousand-square-foot facility will employ as many as 225.
“We appreciate the dedication of the leadership team and the talented workforce who delivered this first aircraft,” said Dany Kleiman, AAR’s Aviation Services Group Vice President – Repair and Engineering. “We have made a significant investment in this facility and received great support from the City, the local community and our regulators. The Company is excited about the prospects for this business and becoming a more important part of the Duluth community.”
AAR’s investments in the facility helped turn the vacant building into a growing business while bringing the Company’s world-class MRO management systems and processes to the new operation. The Duluth MRO gives AAR’s customers more options and flexibility for maintaining their aircraft.
“AAR is a great company and a welcome addition to Duluth,” said Mayor Don Ness. “I’m excited about the jobs they’re creating, the business they’re attracting and their contributions to the economic growth of the city.”
David Grover, an AAR employee from Duluth who started working with the Company four weeks ago, said, “I feel fortunate to be part of the first round of hires at AAR and today is big day for all the aircraft maintenance technicians here. This job means a lot to me and my family, especially with the holidays right around the corner.”
AAR also provides MRO services from facilities in Indianapolis, Miami, Oklahoma City and Hot Springs, Arkansas. AAR offers turnkey aircraft support solutions as part of its “1MRO” approach. The Company leverages its diverse maintenance, engineering and technical capabilities to offer airlines customized, integrated services that lower costs, increase asset availability and ensure high levels of quality, safety and service.
AAR was named the Best Aircraft Maintenance, Repair and Overhaul (MRO) Provider in the Americas, the No. 5 MRO in the world and Aircraft Parts Supplier of the Year in independent surveys of airline executives and industry professionals.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.
Contact: Chris Mason, Communications Director, (630) 227-2062 | email@example.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, 2012. 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.