USAIRE Board of Directors Elects AAR’s Pascal Parant as New President
October 7, 2014
PARIS, October 7, 2014 - During its last board meeting, members of USAIRE elected Pascal Parant, Vice President of Marketing at AAR, as the new president. Parant succeeds Philippe Bottrie, who decided not to run for a third term after a brilliant presidency.
“I have all confidence in Pascal to continue the work we have initiated during my presidency,” said Bottrie, Vice President of Public Affairs for Airbus Group. “It also gives USAIRE a president from a U.S.-based company after several years of leadership from European companies.”
Michel Dubarry, Executive Vice President of USAIRE and President of Rolls France, added: “We elected Pascal as the new president due to his commitment to the aviation industry in France and USAIRE. Even before he was elected president, Pascal has been focused on raising the profile of aviation in France with high-profile speakers and events, and we hope this will continue."
“With the assistance of the members and the board, my goal is to ensure USAIRE keeps rising and shining in Europe, attracting high-profile guest speakers and high-profile new members,” said Parant.
About USAIRE and Speaking Opportunities
USAIRE's objective is to foster international understanding and cooperation in the transatlantic aerospace and high-tech communities. Each year, USAIRE invites top executives to meet with its members during a series of friendly, professional luncheons. The event is an ideal opportunity for guest speakers and USAIRE members to meet in a congenial, business atmosphere. Professionally, it also provides the guest speakers with the opportunity to present their companies and views on topics that typically relate to the aerospace and telecommunication fields, or national and international business interests.
USAIRE was founded in Paris in 1959 to bring together a consolidated body of U.S. aerospace industry representatives to interface with government agencies and organizations such as NATO, SHAPE and U.S.A.I.A. USAIRE has over 130 high-profile members and companies. For more, visit www.usaire.org.
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.