AAR Enters General Terms Agreement with Liebherr-Aerospace

WOOD DALE, Illinois, September 11, 2013 — AAR (NYSE: AIR) has signed a long-term general terms agreement with Liebherr-Aerospace. Under terms of the deal, Liebherr-Aerospace will provide full support of AAR’s nose-to-tail comprehensive solution on the Airbus fleet. In addition, Liebherr-Aerospace will grant access to technical documentation, spare parts, and technical support to AAR maintenance, repair and overhaul (MRO) repair centers in Garden City, New York, and Amsterdam, which will also be performing certain repairs on Liebherr equipment.

The agreement strengthens AAR’s position in the aviation component support business and covers products Liebherr-Aerospace designs and manufactures for Airbus, including flight control, actuation and air-management systems. The terms allow for the agreement to be amended in the future for other aircraft types.

“Not only does this relationship enhance AAR’s ability to provide comprehensive support for the Airbus fleet, it also allows us to provide customers OEM value at competitive pricing, along with all the technical support including engineering and reliability improvements,” said John Holmes, Group Vice President – Aviation Supply Chain.

AAR’s Aviation Supply Chain offers a suite of products and services ranging from new and aftermarket airframe and engine parts to complete end-to-end supply chain programs involving inventory and repair management. AAR gives commercial and defense customers unmatched access to the aftermarket, maximizing service levels while minimizing total costs. AAR maintains one of the industry’s most extensive inventories of airframe and engine parts and components, and is one of the largest providers of power-by-the-hour component support. Capitalizing on its international network of distribution and repair centers, and cutting-edge tracking technology, AAR expedites delivery of products and services and customizes solutions for airline, MRO and OEM customers around the world.