Airline Economics Names AAR Parts Supplier of the Year and One of the World’s Top 5 MROs
Company recognized by industry peers for operational excellence and transparency
WOOD DALE, Illinois – AAR was named Parts Supplier of the Year and ranked among the top five providers of aircraft Maintenance, Repair and Overhaul (MRO) services in the world by Airline Economics magazine in its annual Aviation 100 survey. The ranking is based on votes from more than 11,000 senior-level aviation and investment executives.
“AAR secured not only the largest percentage of the total vote in the Parts Supplier category, but also earned a position among the top five MROs, reflecting the strength and diversity of its products and services,” said Philip Tozer-Pennington, managing editor, Airline Economics. “This clearly demonstrates that during 2011, in the eyes of the aviation sector, AAR out-performed all other parts suppliers and is viewed as one of the top MRO providers in the world.”
AAR’s Chairman and Chief Executive Officer, David Storch was also singled out as one of 13 influential industry leaders. According to Airline Economics, the Aviation 100 reflects the aviation industry’s view of the companies that performed best during 2011, “a clear indication of excellence provided in a transparent manner.”
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.
Corporate Marketing & Communications
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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