April 12, 2012
AAR Joins Industry Leaders at U.S. Chamber of Commerce Aviation Summit
Panel addresses critical issues and growth opportunities at 11th annual national forum
Washington, D.C – AAR (NYSE: AIR) joined with other aerospace leaders as part of a panel at the 11th annual Aviation Summit, hosted by the U.S. Chamber of Commerce and the National Chamber Foundation in Washington D.C., to present and discuss the future of aviation.
Each year, the Chamber selects leading experts to raise awareness of issues that are critical to the industry. Presenting on behalf of AAR, David P. Storch, Chairman and Chief Executive Officer, joined David J. Barger, President and Chief Executive Officer, JetBlue Airways Corporation; Gary Spulak, President, Embraer Aircraft Holding, Inc.; William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide Holdings; and Clayton M. Jones, Chairman, President and Chief Executive Officer, Rockwell Collins. The discussion was moderated by the Honorable T. Allan McArtor, Chairman, Airbus North America.
This year’s Summit, Flying Towards Global Economic Growth, explored the industry’s ability to create and sustain employment through the manufacturing and trading of new and improved technologies, as well as the implementation of the NextGen air traffic modernization program and the impact of the emissions trading tax being imposed by the European Union.
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. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is pleased to announce the signing of a multi-year engine parts supply agreement to distribute Chromalloy’s Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine high pressure turbine (HPT) Stage 1 and Stage 2 turbine blades. Under the agreement, AAR will be the exclusive distributor of these two PMA blades to the global aftermarket with limited account coverage exclusions, due to Chromalloy’s pre-existing customer agreements.
