WOOD DALE, Ill., Jan. 30 /PRNewswire-AsiaNet/ –
AAR CORP. (NYSE: AIR), a leading provider of products and services to the
aviation and aerospace industry, today announced that Rono Dutta, former
president of United Airlines and Air Sahara, will serve as a strategic advisor
to the Company for its activities in India.
Dutta is an accomplished and respected leader in the global aviation
industry and a former student of Indian Institute of Technology and Harvard
Business School. He currently serves as a consultant to companies looking to
expand their global presence.
"Rono has a wealth of industry experience and his input will be invaluable
as we sharpen our focus on AAR’s positioning in India," said David P. Storch,
Chairman, President and Chief Executive Officer of AAR CORP. "Serving as an
advisor, Rono will be a strong addition to the AAR team and we will look to
him to enhance our relationships with customers and potential business
partners."
Maintenance and support requirements for airlines operating throughout
India are expected to increase as air traffic in the region continues to grow.
With its wide range of capabilities and solid financial position, AAR is
well-positioned to expand its presence and respond to the increased demand for
aviation support services.
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, 2006 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 publicly release the result of any revisions that may
be made to 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 CORP.
CONTACT:
Chris Mason, Director of Corporate Communications of AAR CORP.,
+1-630-227-2062,
chris.mason@aarcorp.com
Web site: http://www.aarcorp.com
(AIR)
January 31, 2007
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