March 19, 2012
AAR Recognized as a South Florida Business Leader
Miami-Dade Chamber of Commerce names AAR “Corporate Business of the Year”
MIAMI – AAR (NYSE: AIR) was recognized as “Corporate Business of the Year” from the Miami-Dade Chamber of Commerce for its presence in Miami and its public-private partnerships with the Chamber and a local nonprofit to mentor at-risk high school students and introduce them to exciting careers in aviation.
AAR, a leading provider of products and services to the worldwide aviation, aerospace and defense industries, employs more than 1,300 people in Miami-Dade County, with operations in Medley and at Miami International Airport.
Together with the Chamber and City Year Miami, an education-focused nonprofit, AAR employees, managers and corporate leaders mentor students attending Miami Central Senior High School to enhance student attendance and achievement. The partnership has provided students with firsthand access to applied STEM careers in aerospace; connected students with higher education and industry leaders to explore employment opportunities after high school; and improved student performance.
Each year, the Chamber recognizes three organizations for outstanding contributions to the South Florida community. Accepting the award on behalf of the Company were Brian Loomer, General Manager of AAR Aircraft Services – Miami, and Pastor Lopez, Vice President and General Manager, AAR Landing Gear Services.
Public private partnerships are an important part of AAR’s growth strategy and long-term commitment to the Miami-Dade community. AAR has taken a leadership role by becoming actively engaged in introducing students to all types of career opportunities to while building a pipeline of talent for the future.
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.
