AAR Named Best Airframe MRO Provider Worldwide by ATE&M Magazine
June 1, 2015
Company’s focus on aviation services provides value to customers
WOOD DALE, Illinois, June 1, 2015– AAR (NYSE: AIR) was named Best Airframe MRO Provider at the 2015 Aircraft Technology Engineering & Maintenance (ATE&M) Awards ceremony in London. AAR has earned the recognition three times in the last four years, however, this year the category was geographically expanded from “The Americas” region to recognize entrants’ global impact. Winners were shortlisted by ATE&M readers before being vetted by a panel of expert aviation industry judges.
Through its 1MRO service delivery network, AAR provides a consistent approach and process to maintenance and modification work done on every aircraft type across its 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., and can accommodate both wide- and narrow-body repair work. A new MRO facility being built to serve next-generation aircraft is slated to open in 2016 in Rockford, IL.
“Through our 1MRO network, AAR provides our customers witha reliable, single source for not only maintenance and interior modifications but also for engineering services, aircraft components repair and overhaul, including landing gear and wheels and brakes.To earn the distinction as the best worldwide means a lot coming from our industry peers and customers who recognize our quality work and customer support across the globe,” said Dany Kleiman, Group Vice President for Repair and Engineering. “Our employees earned this honor because they work smart and hard every day to meet the highest standard of quality and safety for our customers.”
In addition to AAR’s 1MROnetwork with facilities in the United States and Europe, AAR provides customers worldwide with additional value through its supply chain services that include rotable parts pools; component repair management via Airinmar; consumable and expendable material support; and OEM parts distribution, as well as engine and aircraft parts supply. AAR serves customers in more than 100 countries with a global network of warehouses, including a new supply chain hub in Brussels serving Europe, the Middle East and Asia.
Accepting the award for AAR at the London ceremony, attended by more than 500 industry executives, was Pascal Parant, Vice President of Marketing for AAR in Paris.
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. Now in its 5th year, the ATE&M Awards recognizes excellence in areas ranging from airframe, engine and line maintenance, to component and spare parts trading as well as logistics and aftermarket support.
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, 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.