This excerpt taken from the AIR 8-K filed Jul 11, 2007.
· The Company entered into agreements during the first quarter of fiscal 2008 to acquire 18 narrow-body and one wide-body aircraft through joint ventures and two narrow-body aircraft for its own account. All 21 of these aircraft are currently on lease.
· AAR announced today that it received a $31 million order for specialized shelters to be delivered over the next 12-18 months.
· The Company has been selected by Southwest Airlines to provide an additional line of heavy maintenance at its Indianapolis MRO facility commencing in late July.
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 www.aarcorp.com.
AAR will hold its quarterly conference call at 10:30 a.m. CDT on July 11, 2007. The conference call can be accessed by calling 866-206-5917 from inside the U.S. or 703-639-1106 from outside the U.S. A replay of the call will be available by calling 888-266-2081 from inside the U.S. or 703-925-2533 from outside the U.S. (access code 1108325) from 3:30 p.m. CDT on July 11, 2007 until 11:59 p.m. CDT on July 18, 2007.
# # #
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 Companys 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 Companys 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 AARs filings with the Securities and Exchange Commission.