AAR Receives FAA AMT Diamond Award of Excellence
March 9, 2016
Aircraft Component Services – New York snags honor for 10thconsecutive year
GARDEN CITY, New York – March 9, 2016 – AAR Aircraft Component Services – New York (ACS-NY) announces it has received the Federal Aviation Administration AMT Diamond Award of Excellence for its aviation maintenance technician (AMT) training program for the tenth consecutive year.
The prestigious award recognizes aviation maintenance companies that initiate highly effective training programs aimed at improving safety, quality, reliability and technical knowledge that exceed standard FAA regulatory requirements. AAR’s North American component repair shop has built a world-class operations and maintenance team by continuously investing in its training program.
“AAR’s technicians are among the most skilled, trained and talented in the aviation industry,” said Ken Hein, Senior Vice President, AAR Supply Chain. “Our technicians continuously develop innovative processes to support the operation to exceed customers’ expectation for safety, quality and reliability. I thank them for their ongoing commitment to safety and operational excellence.”
To qualify for a Diamond Award of Excellence, 100 percent of eligible technicians must complete and pass specialized, continuous training in aviation maintenance, regulations and FAA rules annually. All of ACS-NY’s eligible employees received an individual Aviation Maintenance Technician (AMT) Award from the FAA for 2015. To receive an individual AMT Award, a technician must complete a minimum of 12 hours of training during the year, which includes a two-hour course conducted through the FAA website (www.faasafety.gov).
The AMT Awards program was first created by the FAA in 1991 to encourage technicians and employers to receive or promote initial and recurrent maintenance training. The Diamond Award of Excellence is the FAA’s highest award for aviation maintenance technicians and employers.
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, 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.