May 31, 2012
Top MRO Provider AAR Receives FAA Approval for 737NG Life Raft Stowage Compartment
Innovative design helps alleviate overhead bin space challenge for airlines
WOOD DALE, Illinois – AAR (NYSE: AIR) received Federal Aviation Administration Supplemental Type Certificate (STC) approval to install life raft stowage compartments on Boeing 737NG aircraft, providing passengers with more overhead room for carry-on baggage.
AAR’s innovative design enables life rafts to be stored in the ceiling space above aircraft aisles, as opposed to using valuable overhead bin space. With this enhancement, the 737NG – already among the most efficient, high-tech planes in its class – gains an even stronger competitive advantage.
“We are excited to offer our airline customers a state-of-the-art solution to increase available storage room on the aircraft,” said Ron Eaton, Vice President, AAR Engineering Services. “This is a great retrofit option for airlines looking to provide additional overhead bin space for their passengers.”
The modification was developed by AAR Engineering Services, which also managed the FAA STC approval process. AAR manufactured the life-raft compartments and conducted final assembly at its AAR Aircraft Services — Indianapolis operation.
AAR Engineering Services provides a wide range of high-quality, cost-effective technical services, specializing in interior reconfigurations, structural and systems modifications, and avionics upgrades requiring FAA or other regulatory agency approvals.
AAR was recently voted the Best Airframe MRO Provider — Americas by customers in ATE&M magazine’s 2012 Aircraft Technology Engineering and Maintenance Awards and named Aircraft Parts Supplier of the Year and one of the Top Five MROs in the world in an industry ranking conducted by Airline Economics magazine.
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.
