AAR Lands 2 Next Gen Awards from Aircraft Maintenance Technology Magazine

January 5, 2016


Managers of quality and safety protocol named to AMT’s inaugural 40 under 40 list

WOOD DALE, Illinois, January 5, 2016 – AAR (NYSE: AIR) announces that two of its rising stars have been named to Aircraft Maintenance Technology magazine’s 40 under 40 list curated from hundreds of nominations across a highly competitive global aviation industry.

AMT’s inaugural Next Generation of Maintenance Professional Awards recognize outstanding performers in a wide array of aviation roles, from mechanic to instructor to maintenance apprentice to CEO. These talented professionals are rays of light in an aviation industry challenged by a talent shortage.

AMT honored two standouts at AAR: Richard Anthony Atwood, Quality Assurance Manager for Aircraft Services in Lake Charles, LA; and Scott Ingold, Vice President and General Manager for AAR Aircraft Component Services in Garden City, NY. Both have ascended rapidly in little more than five years in the aviation industry.

Ingold, 28, joined AAR Landing Gear Services in Miami as a lean facilitator while still in college. Ingold earned a bachelor’s and master’s degree in industrial engineering from the University of Miami and a master’s of business administration from the University of Florida. He lives out his passion for education by overseeing AAR’s internship programs, starting in Miami and now in Garden City.

"Scott exhibits the visionary qualities of seasoned executives," said Dany Kleiman, AAR’s Group Vice President – Repair and Engineering. "While still so young, Scott has invested his energy in the long-term viability of not only our Company but the industry as a whole. On the strength of his example, four of our interns have secured full-time positions with us. Many others have gone on to contribute elsewhere within the industry."

AAR’s other honoree, Richard Atwood, also 28, has gained renown for enhancing safety protocols beyond the basics. In addition to a bachelor’s degree in business administration from the University of Arkansas at Monticello, Atwood holds several safety program certifications from the U.S. Department of Transportation. Atwood represented AAR as a guest speaker on Configuration Control at the Aviation Safety Info Share Conference in Dallas in September.

"Richard strives to constantly improve our safety culture," said Art Smith, AAR Vice President and Chief Quality Officer. "Richard goes above and beyond to create heightened awareness in all aspects of aviation to make our industry stronger."

The magazine featured the winners on the cover of the December issue and published articles about each one.

"I congratulate Richard and Scott and thank AMT for recognizing their outstanding contributions to the aviation field," said AAR’s John Holmes, Chief Operating Officer, Aviation Services. "With professionals like Richard and Scott as role models, more young people will see the bright future that beckons in aviation."




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, 2015. 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.