AAR Selected by Continental Airlines for 757 Winglet Installation
September 21 2009 - 7:01PM
PR Newswire (US)
WOOD DALE, Ill., Sept. 21 /PRNewswire-FirstCall/ -- AAR (NYSE:AIR)
today announced that it has been selected by Continental Airlines
to perform winglet installations for 16 of the airline's Boeing
757-300 aircraft. The work will be performed at AAR Aircraft
Services -- Indianapolis, the Company's state-of-the-art
maintenance, repair and overhaul (MRO) operation located at
Indianapolis International Airport. "We are proud to welcome
Continental Airlines to our Indianapolis facility," said Danny
Martinez, General Manager of AAR Aircraft Services -- Indianapolis.
"The workforce we have established here has extensive experience
with winglet installations that has led to industry leading
turn-times and contributed to Indianapolis' reputation as an
aviation center of excellence." AAR offers a wide range of MRO
services through its heavy maintenance facilities in Indianapolis,
Miami, Oklahoma City and Hot Springs. Since moving into the
Indianapolis Maintenance Center in 2004, AAR has grown its
employment base to over 700 highly skilled professionals and
invested over $5 million in capital improvements at the facility.
Martinez added, "We continue to work with the Indianapolis Airport
Authority and local government to explore ways to expand AAR's
capabilities and presence, including leasing additional space and
equipment, to attract new business to the facility." AAR is a
leading provider of products and value-added services to the
worldwide aviation/aerospace industry. With facilities and sales
locations around the world, AAR uses its close-to-the-customer
business model to serve airline and defense customers through four
operating segments: Aviation Supply Chain; Maintenance, Repair and
Overhaul; Structures and Systems; and Aircraft Sales and Leasing.
More information can be found at http://www.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 May 31, 2009 Form 10-K. 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.
DATASOURCE: AAR CONTACT: Chris Mason, Director of Corporate
Communications of AAR, +1-630-227-2062, Web Site:
http://www.aarcorp.com/
Copyright