AAR Named Best Airframe MRO Provider in the Americas
May 12, 2014
LONDON, England, May 12, 2014 – AAR (NYSE: AIR) was named Best Airframe MRO Provider in the Americas at the 2014 Aircraft Technology Engineering & Maintenance (ATE&M) Awards ceremony held May 7 in London. The ATE&M commercial aviation aftermarket awards are voted on by thousands of professionals across the aviation industry. This is a second time AAR has received this recognition since 2012.
Through its 1MRO network, AAR streamlines its diverse capabilities across six aircraft repair stations in the U.S., delivering the same quality service no matter where the work is performed. AAR’s MRO locations include hangars in Indianapolis, Miami, Oklahoma City, Duluth, Minn., Hot Springs, Ark., and Lake Charles, La., which can accommodate both wide- and narrow-body repair work.
“Everything we do at AAR is customer-driven, from our close-to-the-customer business model to our expansion into new global markets. So this award means a lot coming from our customers who we thank for their partnership, continued support and confidence,” said Dany Kleiman, Aviation Services Group Vice President – Repair and Engineering. “I congratulate AAR’s employees. They’re the ones who make it possible for AAR to provide convenient, flexible and creative turn-key solutions that enhance and complement our customers’ operations.”
AAR is also ranked the No. 1 provider of MRO services in North America and third in the world.
Aircraft Technology Engineering & Maintenance magazine has covered advances and trends in manufacturing and maintenance in commercial aviation since 1972. It is the official publication for the UBM Aviation Exhibitions and UBM Aviation Conferences.
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at email@example.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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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, 2013. 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.