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AAR EARNS TOP HONORS FROM FAA FOR FIFTH CONSECUTIVE YEAR
WOOD DALE, ILLINOIS, June 18, 2009 – AAR (NYSE: AIR), announced today that for the fifth consecutive year the Company was recognized by the Federal Aviation Administration (FAA) for excellence in training and received the Diamond Certificate of Excellence at each of its FAA-certified repair stations. The Diamond Certificate of Excellence is the highest honor in the FAA’s Aviation Maintenance Technician (AMT) Awards Program and recognizes organizations with 100 percent of their eligible employees receiving individual awards.
The FAA also presented AAR with special recognition for earning a Diamond Certificate of Excellence for five consecutive years. Timothy J. Romenesko, President and Chief Operating Officer of AAR, accepted the awards on behalf of AAR’s 2,183 AMTs. Over the past five years, AAR technicians have earned 6,984 individual awards in the FAA’s AMT Awards Program.
“We are honored by this special recognition of AAR and our team of AMTs,” said Romenesko. “As a Company, we are dedicated to quality and this award shows that this dedication is present in each of our AMTs on an individual level. In the end, it is this ongoing commitment to training on the part of our AMTs and our Company that results in the highest levels of quality and ensures the greatest safety for the flying public.”
“AAR has achieved an exclusive level of excellence and we applaud them for that,” said John Gagliardi, FAA Eastern Regional FAASTeam Manager. “They have set high standards and work tirelessly to make sure their AMTs have the tools to excel in their jobs and lives.”
About AAR AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. More information can be found at www.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 May 31, 2008 Form 10-K. 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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