AAR Named to Forbes’ America’s Best Employers List
May 1, 2018
WOOD DALE, Illinois, May 1, 2018 – AAR (NYSE: AIR), a global provider of aviation services to commercial airlines and governments, was named to the Forbes list of America’s Best Mid-Size Employers for 2018. AAR was chosen based on an independent survey by Statista from a sample of more than 30,000 U.S. employees working for companies employing at least 1,000 people in their U.S. operations.
AAR recently debuted a purpose statement to help inspire employees to be the best they can be. The Company’s purpose of “Doing It Right” is demonstrated on a daily basis by AAR’s employees who strive to live company values including: Quality First, Safety Always; Find a Way, Every Day; Do It Fast, Do It Well; Be Honest, Inspire Trust; Work As One, Be Inclusive; Ideas Matter, Think New, Think Ahead; Make Money, Have Fun; and Own It. AAR’s values support its innovative and entrepreneurial culture encouraging employee input in everything from day-to-day- activities to the Company’s long-term strategy.
“If you have great people, you can do great things,” said David P. Storch, Chairman and CEO, AAR. “We help our employees be the best they can be. If employees are motivated, customers will be delighted, shareholders will be rewarded, and the Company can invest in the communities we serve.”
“AAR’s talented employees are the reason that AAR has become a leading provider of quality aftermarket aviation services around the world,” said John M. Holmes, President & Chief Operating Officer, AAR. “At every level in the Company, each individual is encouraged to think creatively and develop new solutions for our customers and our Company, which keeps us ahead of the curve. I am proud to be part of such a great team.”
In America, AAR currently employs over 4,000 people, primarily aircraft maintenance mechanics, and a total of more than 5,500 people around the world.
AAR was also recently featured as a case study in the new book, “The Science of Story, Brand is a Reflection of Culture” by Adam Fridman and Hank Ostholthoff due to the effectiveness of the Company’s focus on its purpose of “Doing It Right.”
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, 2017. 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.