GlobeNewswire Inc | Dec 8, 2020 08:50AM EST

December 08, 2020

Wood Dale, Dec. 08, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs is pleased to announce that it has formed an Aviation Safety and Training Committee (the ASTC) at the Board of Directors (Board) level. The ASTC will be comprised of three independent directors, with retired United States Air Force General Duncan J. McNabb, who last served as the ninth Commander, United States Transportation Command, serving as Chair, and Robert F. Leduc and Jennifer L. Vogel joining him as committee members. The ASTC will assist the Board in the oversight of aviation safety matters relating to AARs operations, including training employees, promoting a robust safety culture and helping ensure the delivery of services and products with safety as the highest priority.

Forming the ASTC at the Board level is the strategic evolution of AARs commitment to aviation safety, which is of the utmost importance because of the number of aircraft we touch every day and AARs importance to the overall aviation chain of safety, said David P. Storch, AARs Chairman of the Board. We have proactively established the ASTC to help the Board in continuing to fulfill its fiduciary duties overseeing aviation safety matters and ensuring that AAR continues to have a best in class safety program.

The ASTC is comprised of seasoned aviation professionals who will provide valuable oversight and guidance regarding aviation safety matters, said John M. Holmes, AARs Chief Executive Officer. As a Company, we're proud and honored that our customers trust us to perform maintenance on their planes and the ASTC will help us deliver safety programs that are on the cutting edge of industry practice.

I am delighted to chair the newly formed ASTC at AAR as the Company continues its journey to be best in class in delivering aviation safety, said Duncan J. McNabb. The ASTC will provide oversight regarding AARs training programs and safety culture, and I look forward to working with AAR leadership, the committee members, and the Board on this important initiative.

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About AARAAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AARs Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AARs Expeditionary Services include Mobility Systems operations. Additional information can be found at 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 PrivateSecurities Litigation Reform Act of 1995. Forward-looking statements may alsobe identified because they contain words such as ??anticipate,?? ??believe,????continue,?? ??could,?? ??estimate,?? ??expect,?? ??intend,?? ??likely,????may,?? ??might,?? ??plan,?? ??potential,?? ??predict,?? ??project,????seek,?? ??should,?? ??target,?? ??will,?? ??would,?? or similar expressionsand the negatives of those terms. These forward-looking statements are based onbeliefs of Company management, as well as assumptions and estimates based oninformation currently available to the Company, and are subject to certainrisks and uncertainties that could cause actual results to differ materiallyfrom historical results or those anticipated, including those factors discussedunder Item 1A, entitled ?Risk Factors?, included in the Company?s Form 10-K forthe fiscal year ended May 31, 2020. Should one or more of these risks oruncertainties materialize adversely, or should underlying assumptions orestimates prove incorrect, actual results may vary materially from thosedescribed. These events and uncertainties are difficult or impossible topredict accurately and many are beyond the Company?s control. The Companyassumes no obligation to update any forward-looking statements to reflectevents or circumstances after the date of such statements or to reflect theoccurrence of anticipated or unanticipated events. For additional information,see the comments included in AAR?s filings with the Securities and ExchangeCommission.



Daniela PietschAAR Corp+1 630 227 5100editor@aarcorp.com