September 05, 2012
AAR Receives FAA, EASA Approval for 717-200 Interior Modifications
Effective program management facilitates on-time STCs
INDIANAPOLIS, Indiana – AAR (NYSE: AIR) has received design approvals from the U.S. Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), Europe’s airworthiness authority, to perform custom interior modifications for Boeing 717-200 aircraft operated by a startup European airline.
AAR’s design modifies the 717-200 aircraft from a two-class configuration into a high-density one-class configuration. The modification also includes installation of certified slim line seats for the first time for this aircraft type.
AAR Engineering Services developed the design and managed the processes to obtain both the FAA and EASA Supplemental Type Certificate (STC) approvals, while working closely with the seat manufacturer in its certification efforts. Additionally, modification of the prototype aircraft was accomplished at AAR’s maintenance facility in Miami, Fla.
“Customers appreciate AAR’s ability to offer full turnkey solutions,” said Ron Eaton, Vice President, AAR Engineering Services. “AAR provides seamless integration services, from engineering design and program management to modification kits, certification and installation. We’re a one-stop shop for our customers’ aircraft modification needs.”
AAR Engineering Services provides a wide range of high-quality, cost-effective technical services, specializing in interior reconfigurations, structural and systems modifications, and avionics upgrades requiring FAA or other regulatory agency approvals.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
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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. 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, 2018. 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.
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AAR announces pricing of public offering of 3,000,000 shares of common stock
Wood Dale, Illinois – AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today the pricing of an underwritten registered public offering of 3,000,000 shares of its common stock at a public offering price of $83.00 per share. The underwriters have a 30-day option to purchase up to an additional 450,000 shares from the Company at the public offering price. The Company estimates that the net proceeds from the offering, after deducting the underwriting discounts and commissions, will be approximately $239.0 million, or $274.9 million if the underwriters exercise their option to purchase additional shares in full. The shares are expected to be delivered on or about October 2, 2025, subject to customary closing conditions.
