March 01, 2000
Statement by AAR President and CEO David P. Storch in Response to FAA Notice Of Proposed Civil Penalty
WOOD DALE, Ill., /PRNewswire/ -- AAR CORP. President and CEO David P. Storch today issued the following statement in response to the FAA's Notice of Proposed Civil Penalty regarding one of the company's operating units:
"Safety is AAR's top priority, and we have maintained an impeccable safety record throughout our 50 years in this business.
"In early 1997, AAR was the purchaser of a large consignment of inventory, including Passenger Service Units (PSUs), from a French supplier. As soon as we became aware that the seller had shipped certain PSUs to us with potentially hazardous material, we notified the FAA. Since that time, we have cooperated fully with the FAA.
"We believe our contract for the purchase of the inventory in question clearly provided that the seller and its freight agent, not AAR, were responsible for packaging, labeling, and shipping the assemblies in accordance with all applicable laws and regulations.
"We also believe AAR has acted appropriately in the situation, and we will vigorously defend our position with respect to the FAA allegations."
AAR CORP. (NYSE: AIR) is the preeminent provider of products and value-added services to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Ill., AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. SOURCE AAR CORP.
CONTACT: Dawn Kaiser of AAR Corp., Investor Relations, 630-227-2098, or email, dkaiser@aarcorp.com
Related news
See all
February 26, 2026
AAR signs new agreement with Otto Instrument Service
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a new agreement with Otto Instrument Service to sell and support the LASEREF IV inertial reference system product line. The agreement reinforces AAR’s strategy to broaden its OEM distribution portfolio serving the business aviation market.
February 11, 2026
AAR appoints Dylan Wolin as Chief Financial Officer
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that its Board of Directors has appointed Dylan Wolin as the Company’s Chief Financial Officer, effective February 23, 2026. Wolin’s responsibilities will include finance, accounting, tax, treasury, investor relations, and corporate development.
January 28, 2026
AAR celebrates Airframe MRO expansion in Oklahoma City, prepares to induct additional Alaska Airlines aircraft
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has substantially completed the expansion of its Airframe MRO facility in Oklahoma City.
