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AAR to Provide Aircraft Remarketing Services for United Airlines

Written by thomas · Filed Under Commercial 

September 16, 2008

thomas

WOOD DALE, Ill., Sept. 16 /PRNewswire-FirstCall/ — AAR (NYSE: AIR)
announced today that it has been selected by United Airlines to remarket
and provide technical advisory services for United’s fleet of wholly owned
Boeing 737 aircraft, which the company has previously announced will be
retired from service. Under the terms of the agreement, AAR will assist
United in placing its 737s with operators around the world — with a focus
on operators outside the US — looking to upgrade or expand their fleets.
The aircraft are available immediately.

“We will use AAR’s global reach and resources to identify carriers that
would benefit from adding high-quality 737s to their fleets in markets
where demand is more robust or growing,” said John Johnson, Vice President,
AAR Aircraft Sales and Leasing. “Over the years, AAR has developed a broad
network of customers for this aircraft type through our leasing activities,
as well as our supply chain, maintenance and engineering services and
support.”

Through its Aircraft Sales and Leasing segment, AAR helps customers
improve their liquidity by turning surplus assets into working capital. AAR
Aircraft Sales and Leasing provides a broad range of technical services
including aircraft evaluation, lease return condition analysis, aircraft
and engine records management, aircraft preparation and asset management.

AAR is a leading provider of products and value-added services to the
worldwide aerospace and defense industry. With facilities and sales
locations around the world, AAR uses its close-to-the-customer business
model to serve aviation 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, 2008 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.

SOURCE AAR

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