April 03, 2012
AAR Introduces New Aircraft Engine Fuel Pump Maintenance and Repair Service
New capability expands AAR’s MRO offerings for aircraft operators
GARDEN CITY, NEW YORK - AAR (NYSE: AIR) announced that it is now offering maintenance, repair and overhaul services for aircraft engine fuel pumps, expanding its portfolio of MRO services to the aviation, government and defense industries. The repairs will be performed at AAR’s Aircraft Component Services facility in Garden City, New York.
“Adding fuel pump maintenance and repairs to our MRO offerings represents a significant opportunity for us and further expands AAR’s diverse capabilities for aircraft operators,” said Sam Gorman, Vice President and General Manager, AAR Aircraft Component Services. “Our goal with all our products and services is to extend our clients’ on-wing performance and reduce downtime. Servicing fuel pumps is one more way to support that goal as part of our overall capabilities development strategy.”
AAR will offer competitive fixed pricing for fuel pump testing, maintenance and overhaul, enabling AAR’s customers operating in all parts of the world to more effectively forecast their costs and operate more efficiently.
The new fuel pump service offering leverages the New York facility’s 25 years of experience providing support for a full range of aircraft components. AAR’s component repair facility in Amsterdam was recently awarded a Boeing Gold Performance Excellence Award for commercial component repair.
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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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 that it intends to offer, subject to market conditions and other factors, $150 million aggregate principal amount of 6.750% senior notes due 2029 (the “Additional Notes”). The Additional Notes will be issued as additional notes under an existing indenture dated March 1, 2024, pursuant to which the Company previously issued $550.0 million aggregate principal amount of 6.750% senior notes due 2029 (the “Existing Notes” and together with the Additional Notes, the “Notes”). Other than with respect to the date of issuance and the offering price, the Additional Notes will have the same terms as the Existing Notes.
