AAR CORP. (NYSE:AIR) Files An 8-K Regulation FD Disclosure

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AAR CORP. (NYSE:AIR) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

During the quarterly earnings conference call held by AAR CORP. (the “Company”) on September19, 2017, David P. Storch, Chairman and Chief Executive Officer of the Company, and John M. Holmes, President and Chief Operating Officer of the Company, announced, as previously disclosed, that the Company had entered into a 10-year agreement with Air Canada to provide aircraft maintenance for the airline’s narrow-body fleet of A319, A320 and A321 aircraft, and a separate five-year agreement to maintain Air Canada’s Embraer E-190 fleet. Mr.Storch and Mr.Holmes also discussed the Company’s previously disclosed acquisition of two maintenance, repair and overhaul (“MRO”) facilities — one located at Trois-Rivieres Airport in Quebec and the other located at Windsor International Airport in Ontario — from Premier Aviation. They stated that the Company intended to use these two facilities in support of its MRO work for Air Canada.

During the earnings conference call, Mr.Storch and Mr.Holmes advised that the Company would provide information to the investment community about the expected financial impact resulting from the Air Canada new business and the Premier Aviation acquisition. The purpose of this Current Report on Form8-K is to provide that information.

Based on current facts and circumstances and subject to certain assumptions, the Company anticipates that it will generate incremental revenues in the range of $30-40 million per year upon the full implementation of the Company’s agreements with Air Canada and the acquisition of the MRO facilities from Premier Aviation (which implementation is expected to take approximately six to nine months).

The information furnished under Item 7.01 of this Current Report on Form8-K shall not be deemed to be “filed” for the purposes of Section18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

Forward-Looking Statements

This Current Report on Form 8-K 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, 2017. 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.


About AAR CORP. (NYSE:AIR)

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. Its services and products include aviation supply chain and parts support programs; MRO of aircraft and landing gear; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services; aircraft modifications, and aircraft and engine sales and leasing. It serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers and independent service providers around the world. Its landing gear overhaul facility is in Miami, Florida, where it repairs and overhauls landing gear, brakes and actuators for various types of commercial and military aircraft.