AAR Celebrates Delivery of 500th Aircraft to Alaska Airlines

June 23, 2015

OKLAHOMA CITY, Oklahoma, June 23, 2015 – AAR (NYSE: AIR) announces that it has reached a maintenance milestone -- delivery of the 500thaircraft to longtime customer Alaska Airlines. For 12 years, AAR has performed aircraft maintenance, repair and overhaul (MRO), including heavy checks and drop-ins, component repair and management, on Alaska’s fleet of classic Boeing 737s and 737NG narrow-body aircraft.

Most of the work has been performed at AAR’s MRO facility in Oklahoma City that has a service capacity ranging from 6 to 12 lines of maintenance, and performs approximately 1 million man hours a year at the facility; nearly 300,000 with Alaska Airlines. AAR provides two continuous lines of overhaul maintenance for Alaska and additionally handles between 50 and 75 drop-in visits annually for the airline.

AAR recently celebrated the milestone with its employees and Alaska Airlines executives at a reception at the 300,000-square-foot Oklahoma facility.

“We value the relationship and the trust that Alaska Airlines has placed in AAR to help ensure the safe and efficient operation of its fleet,” said Dany Kleiman, AAR Group Vice President – Repair and Engineering. “A special thanks goes to our employees. We owe this achievement to their dedication and leadership. We look forward to partnering with Alaska Airlines well into the future.”

AAR recently exercised the first of two option years under a five-year contract signed with Alaska Airlines in 2012. This year, AAR celebrates 60 years of excellence serving the aviation aftermarket and was named by ATE&M as the Best Airframe MRO Provider worldwide.

The Oklahoma MRO, AAR’s first aircraft repair station established in 1972, is one of six comprising AAR’s 1MRO Network of aircraft repair stations in North America. A seventh being designed to service next-generation aircraft is due to open next year in Rockford, Ill.  The AAR “1MRO” approach leverages 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.




About AAR

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 editor@aarcorp.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, 2014. 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.