President of AAR's Telair Cargo Business Honored for Lifetime Achievement
Landing Airbus, Boeing highlight a 30-year career marked by leadership and growth
MIESBACH, Germany – Axel Hauner, President of Telair, a subsidiary of AAR (NYSE: AIR), was recently honored with the distinguished “Lifetime Achievement” award during the regional Economic Trade Reception of the County held in Miesbach in May.
Mr. Hauner has led Telair for more than 30 years, since the manufacturer of cargo-loading systems for airplanes was located at its original site in Hausham. Under Mr. Hauner’s leadership, Telair grew from 30 to 300 employees and has seen its revenues increase fifty-fold.
“The development from a shop to a systems supplier took off like a rocket,” said Klaus Richter, Airbus’ Executive Vice President of Procurement. Richter, who spoke at the reception and congratulated Mr. Hauner for maintaining a “strong and solid business in Hochlohnland (or a high-wage country) with highly qualified personnel.”
Mr. Hauner said he was honored and pleased to be recognized, adding that his greatest achievements at Telair were becoming a supplier to Airbus and Boeing.
“We were able to demonstrate to both companies that Telair could provide technologically advanced products and services to meet their requirements,” Mr. Hauner said, adding, “…even though I have been honored for lifetime achievement, I still have a few more years.”
Group Vice President for AAR’s Structures and Systems segment, Terry D. Stinson, remarked that that Mr. Hauner’s recognition was well-deserved. “We have been very impressed with Axel’s leadership at Telair. This latest honor demonstrates how Axel and Telair are strengthening AAR’s standing as a leading provider of cargo loading systems to the global aviation marketplace.”
Telair International is a one-stop-shop for the design and manufacture of advanced cargo handling systems and aftermarket services for the world’s airlines and OEMs. More information on Telair can be found at www.telair.com.
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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