July 14, 2014
AAR’s Nordisk Aviation Products Selected by China Postal Airlines
Leading international provider of advanced ULDs help China Postal Airlines maximize air freight capacity on B737 freighter fleet
HONG KONG — AAR’s Nordisk Aviation Products announces it has received orders for 180 main deck air cargo containers from China Postal Airlines. The orders are in addition to the 988 Nordisk containers China Postal already has in service. The main deck Unit Load Devices were specially designed to maximize air freight capacity by an additional 3 percent in the B737 freighter, while reducing fuel costs and the airline’s carbon footprint.
“We are proud to say that Nordisk containers positively impact the bottom line. But they are also becoming the preferred ULDs for airlines that care about the environment,” said Boon Yang Sim, Nordisk's Vice President of Sales and Business Development, Asia Pacific and People’s Republic of China. “We are pleased to be able to deliver on our promise to China Postal Airlines and welcome this expansion of our partnership.”
Nordisk also supplies ULDs to China Southern Airlines, receiving orders for more than 1,100 lightweight air cargo containers and pallets in May.
Nordisk is the leading supplier of air cargo containers and pallets in the industry. With close to 700,000 ULDs sold in the global aviation markets, Nordisk ULDs are used by virtually every airline operating wide-bodied aircraft, enabling vast amounts of cargo and baggage to be transported safely and securely.
AAR (NYSE: AIR), with its Telair and Nordisk subsidiaries, offers a full line of main-deck and lower-deck cargo systems and a variety of baggage handling and freight solutions that enable increased payload and fuel savings. From the Nordisk Ultralite®, the lightest-weight container in the industry, to the patented Sliding Carpet®baggage loading system to specialized pallets, containers and air mobile shelters, AAR offers products with excellent strength-to-weight performance, high reliability and low total cost of ownership, backed by a global aftermarket support network.
About Nordisk Aviation Products
A subsidiary of aviation industry leader AAR CORP., Nordisk Aviation Products designs, manufactures and sells air cargo containers and pallets, to the global commercial aviation industry. Nordisk, established in 1970, has production facilities in Norway, China and the United States and has spare parts warehousing and sales offices across Europe, Asia, and the United States. For more information, visit www.nordisk-aviation.com, or call +852-2107 6668.
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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+1-630-227-5100
Editor@aarcorp.com
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.
