June 11, 2012
Industry Leader AAR Announces Telair’s 200th Airbus Cargo System Delivery
Deliveries and increased production position business for growth
WOOD DALE, ILLINOIS — AAR (NYSE: AIR) announced that its Telair cargo systems business has reached a major milestone with the delivery of its 200th Cargo Loading System (CLS) to Airbus. The milestone denotes Telair’s position as the supplier of choice for Airbus A330/A340 lower deck cargo loading systems.
Telair’s advanced CLS is the standard lower deck system for A330/A340-200/300 and A330-200F freighters. Since production started in May 2008, Telair has increased delivery from two-to-three cargo systems per month to six-to-seven systems per month and expects to deliver 10 systems per month by 2014 to keep pace with requirements for anticipated aircraft orders
“As we celebrate this important milestone with Airbus, we are very proud of the reliability of the system and of our team’s execution and increasing production rates,” said Axel Hauner, President of Telair International, Miesbach, Germany. “We are well positioned to grow the business and looking forward to delivering our next 200 systems even more quickly and efficiently.”
Telair provides Airbus with on-site cargo systems engineering and installation support at its regional design and engineering facilities throughout Europe, North America, India and China.
The milestone follows AAR’s recent rankings as Parts Supplier of the Year, one of the top five providers of aircraft Maintenance, Repair and Overhaul (MRO) in the world and the Best MRO in the Americas in independent surveys of customers and industry professionals.
About Telair
Telair International is a one-stop-shop for the design and manufacture of advanced cargo-handling systems and aftermarket services for the world’s airlines and OEMs. More information can be found at www.telair.com. Telair is a wholly-owned subsidiary of AAR.
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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