August 18, 2014
AAR’s Nordisk Delivers the Industry’s Lightest Full-Aluminum Containers to Korean Air
Leading international provider of advanced ULDs helps airline save fuel and emissions
Norway — AAR’s Nordisk Aviation Products announced today it has started delivery of 400 Nordisk AluLite AKE air cargo containers to Korean Air. The Nordisk AluLite AKE weighs 65 kg and is the lightest-weight full-aluminium airfreight LD3 container in the industry.
“Korean Air continues to favour aluminium because of its simplicity in maintenance and greater recycling benefits. With the Nordisk AluLite, Korean Air also gets the lightest full aluminium AKE container available,” says Boon Yang Sim, Nordisk's Vice President of Sales and Business Development, Asia Pacific and the People’s Republic of China.“Nordisk’s relationship with Korean Air began in 1979 and has leveraged Nordisk’s development of lighter containers for the past 35 years without compromising durability and quality.”
Nordisk is the leading supplier of air cargo containers and pallets in the industry. With more than 700,000 ULDs sold over 40 years, Nordisk ULDs are used by virtually every airline operating wide-body aircraft.
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 a 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, also known as Unit Load Devices (ULD) 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. Nordisk containers and pallets are flown by nearly every airline operating wide-bodied aircraft in the world, enabling their valuable cargo and baggage to be transported safely and securely. 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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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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AAR announces proposed add-on offering of $150 million of 6.750% senior notes due 2029
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.
