January 18, 2013
AAR Extends Recruiting for Aircraft Mechanics to Twin Cities
Candidates sought for 70 positions in Duluth, MN, at job fair
MINNEAPOLIS/ST. PAUL – AAR (NYSE: AIR) has job openings for 70 aircraft mechanics at its maintenance, repair and overhaul (MRO) station in Duluth and is expanding recruitment to the Twin Cities with a job fair on January 23.
From 1 to 7 p.m. at the Radisson Hotel Bloomington by Mall of America, 1700 American Blvd., Bloomington, AAR recruiters will be accepting applications for good-paying jobs that require industry specialization and certification but not a four-year college degree. AAR has created more than 100 jobs since opening the Duluth MRO in November. At capacity, the facility could create up to 225 jobs.
“We’re taking a deeper dive across the state to find people with the requisite skills and aptitude to fill these highly skilled positions,” said Dany Kleiman, AAR’s Aviation Services Group Vice President – Repair and Engineering. “Careers in aviation are critical to supporting our regional, national and global economy, as well as air travel in the U.S. and abroad.”
As the nation’s unemployment rate hovers at 7.8 percent, 10.8 percent for military veterans, growth at midsized companies such as AAR is putting people back to work. Today, less than half of Americans between ages 25 and 34 earn four-year college degrees, according to the Wall Street Journal. One-fourth of men with only a high school degree don't have jobs. http://www.nationaljournal.com/next-economy/the-no-good-very-bad-outlook-for-the-working-class-american-man-20121205.
This month, AAR launched aggressive recruitment nationwide to staff up the five aircraft repair stations that comprise its 1MRO™ service delivery network. The Company is particularly interested in hiring military veterans, which make up 20 percent of its workforce.
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.
