Aviation Week Network Announces 2018 Lifetime Achievement Award Winners
April 10, 2018
Michael Huerta Wins for Commercial and David Storch Receives MRO Award
New York, April 10, 2018 – Michael Huerta, former FAA administrator and David Storch, AAR CEO were named the 2018 winners of the Lifetime Achievement Awards presented by Aviation Week Network, the largest multimedia information and services provider to the global aviation, aerospace and defense industries.
"Infusing technology, providing greater efficiencies and insightful leadership are the primary themes of this year’s Lifetime Achievement Awards,” says Lee Ann Shay, Aviation Week’s Chief Editor MRO.
The prestigious awards, which honor outstanding lifetime achievement and innovation in the aviation industry, were presented at a ceremony on April 10 during the MRO Americas 2018 Conference & Exhibition (www.aviationweek.com/events/mro) at the Orange County Convention Center in Orlando, Florida.
Huerta received the Aviation Week Network Lifetime Achievement, Commercial award for his contributions to making the air transport system safer. Huerta served as the FAA acting administrator and administrator for nearly seven years, during a critical time in aviation. Drones and new technologies entered the industry, and a generational workforce change started. He helped position the FAA to think about “how decisions could affect the industry for the next 50 years.” He emphasized building partnerships with stakeholders—including new ones, such as drone users and technology companies. Before serving as FAA administer, he prepared the transportation outlets for the 2002 Olympic Winter Games, and held senior positions at the U.S. Transportation Department.
Storch received the Aviation Week Network Lifetime Achievement, MRO award for his vision and leadership at AAR. Storch is only the second CEO since the company’s creation in 1955 and has led the company which has expanded its commercial and military aviation services and support business that now generates about $2 billion in annual revenues. Under his leadership, the company has gained a diverse global base of commercial and government customers through its offerings in MRO, parts, integrated services, airlift and mobility services. AAR also was twice named by Forbes as one of America’s Most Trusted Companies by Forbes magazine while he was CEO.
For more information on the awards and winners, including photos, visit http://www.mro-network.com.
ABOUT AVIATION WEEK NETWORK
Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace and defense industries that has a database of 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, business aviation operators, militaries, governments and other organizations that serve this global market. The product portfolio includes Air Transport World, Aviation Week & Space Technology, AC-U-KWIK, Aircraft Blue Book, Airportdata.com, Air Charter Guide, AviationWeek.com, Aviation Week Intelligence Network, Business & Commercial Aviation, ShowNews, SpeedNews, Fleet and MRO forecasts, global maintenance, repair and overhaul (MRO) tradeshows and aerospace & defense conferences.
Aviation Week Network is part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.
Informa has over 7,500 colleagues in more than 20 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.
Director, Marketing Communications
Aviation Week Network
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.