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Press release

December 09, 2004

AAR to Announce Second Quarter 2005 Results on December 17

WOOD DALE, Ill., /PRNewswire-FirstCall via COMTEX/ -- AAR (NYSE: AIR) today announced that it will release financial results for its second quarter of Fiscal Year 2005 ended November 30, 2004 before the market opens on Friday, December 17, 2004.

At 10:30 a.m. CST, AAR will hold a conference call to discuss the results. The conference call can be accessed via dial-in (1-888-255-8210; conference code 2574608). A replay of the call will be available (1-800-642-1687; conference code 2574608) from approximately 1:00 p.m. CST on December 17 until 11:59 p.m. CST on Friday, December 24, 2004.

AAR is a leading provider of products and value-added services to the worldwide aviation/aerospace industry. Products and services include customized inventory management and logistics programs; maintenance, repair and overhaul of aircraft, aircraft components and engine components; engine and aircraft sales and leasing; and the manufacture of cargo systems, composite structures and mobility systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators, original equipment manufacturers and independent service customers throughout the world. Further information can be found at http://www.aarcorp.com.

SOURCE AAR CORP.

Timothy J. Romenesko, Vice President, Chief Financial Officer of AAR, +1-630-227-2090, tromenesko@aarcorp.com

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