March 29, 2012
AAR Recognized As An Economic Engine in Melbourne, Fla.
Aviation newcomer to Florida’s Space Coast earns annual Impact Award
MELBOURNE, FLORIDA – AAR (NYSE: AIR) has been recognized by the Melbourne Regional Chamber of East Central, Florida, with its prestigious Impact Award for positively influencing the economic health of the community in the past year.
“AAR’s hard work and dedication to our nation and the economic health of our community are deserving of this special recognition,” said U.S. Representative Bill Posey (R-Rockledge). “I want to thank AAR for their commitment to excellence and their presence in Florida’s Space Coast.”
In April 2011, AAR relocated its Airlift headquarters and operations to Palm Bay and Melbourne. Today, AAR Airlift employs 280 in the area, with an additional 530 employees worldwide. AAR has made a significant investment in its presence in Melbourne and Palm Bay and provides a wide range of technical and professional career opportunities as a member of the Space Coast business community. AAR was also 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 careers in aviation.
AAR Airlift is a leading provider of expeditionary airlift services and specialized aircraft modifications to the U.S. Department of Defense and its allies. Since 2005, the business has flown more than 90,000 missions, transported 850,000 personnel and delivered 140 million pounds of cargo and mail in support of national priorities and humanitarian relief operations around the world.
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 has successfully priced its offering of $150 million aggregate principal amount of 6.750% senior notes due 2029 (the “Additional Notes”). The Additional Notes are being issued at a price of 102.000% of their principal amount, plus accrued interest from March 15, 2025, for a yield to maturity of 6.119%.
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AAR announces proposed add-on offering of $150 million of 6.750% senior notes due 2029
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.
