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Press release

September 15, 2003

AAR to Announce First Quarter 2004 Results on September 17

WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR (NYSE: AIR) today announced that it will release financial results for its first quarter of Fiscal 2004 ended August 31, 2003 before the market opens on Wednesday, September 17.

At 10:30 a.m. CDT, AAR will hold a conference call to discuss the results. The conference call can be accessed via dial-in (1-312-461-1932; conference code 721319). A replay of the call will be available (1-719-457-0820; conference code 721319) from approximately 1:30 p.m. CDT on September 17 until 12 a.m. CDT on Tuesday, September 23, 2003.

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, +1-630-227-2081, gmoore@aarcorp.com

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