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Press release

March 10, 2004

AAR to Announce Third Quarter 2004 Results on March 17

WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR (NYSE: AIR) today announced that it will release financial results for its third quarter of Fiscal 2004 ended February 29, 2004 before the market opens on Wednesday, March 17.

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 (1-913-981-5542; conference code 457532). A replay of the call will be available (1-719-457-0820; conference code 457532) from approximately 12:30 p.m. CST on March 17 until 12 a.m. CST on Tuesday, March 23.

AAR (NYSE: AIR) is the leading provider of aftermarket support to the worldwide aviation/aerospace industry. Products and services include customized inventory management and logistics programs, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at www.aarcorp.com .

SOURCE AAR CORP.

CONTACT: Greg Moore, Director of Investor Relations of AAR, +1-630-227-2081, gmoore@aarcorp.com

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