July 08, 2013
AAR Selected by GE Aviation to Upgrade Main Landing Gear Door Actuator
Aerospace leader will be designated service center for worldwide Airbus single aisle retrofit program
MIAMI – AAR CORP. (NYSE: AIR) has been selected by GE Aviation as an Authorized Service Center to retrofit the main landing gear door actuators on A318, A319, A320, and A321 aircraft with improved hydraulic actuators.
AAR will handle the work at its Landing Gear Services MRO facility in Miami. That 128,000-square-foot site added tooling capabilities and manpower to ensure that it could meet the requirements of GE’s program, which includes a 10-day turnaround time, and the needs of A320 customers. AAR had to go through a rigorous selection process, more than a year in the making that included on-site visits by GE and demonstrations of its tooling capabilities.
“The fact that we were selected by GE as a servicer for this important program speaks to the professionalism of our shop and our stellar reputation as an MRO in the aerospace industry,” said Pastor Lopez, Vice President, Aircraft Components and Landing Gear Services. “Our ability to handle a high capacity of units and perform all the work in-house was also a major plus.”
AAR will work chiefly with airlines in North, Central, and South America on upgrading the landing gear door actuators on their A320s, but Lopez said the company could wind up servicing customers based in Africa and Asia, as well. “Since it’s a small part, not the whole landing gear, it’s easy for them to ship it to us,” he said.
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.
