AAR Corp.

President of AAR’s Telair Cargo Business Honored for Lifetime Achievement

MIESBACH, Germany, June 28, 2012 – Axel Hauner, President of Telair, a subsidiary of AAR (NYSE: AIR), was recently honored with the distinguished “Lifetime Achievement” award during the regional Economic Trade Reception of the County held in Miesbach in May.

Mr. Hauner has led Telair for more than 30 years, since the manufacturer of cargo-loading systems for airplanes was located at its original site in Hausham. Under Mr. Hauner’s leadership, Telair grew from 30 to 300 employees and has seen its revenues increase fifty-fold.

“The development from a shop to a systems supplier took off like a rocket,” said Klaus Richter, Airbus’ Executive Vice President of Procurement. Richter, who spoke at the reception and congratulated Mr. Hauner for maintaining a “strong and solid business in Hochlohnland (or a high-wage country) with highly qualified personnel.”

Mr. Hauner said he was honored and pleased to be recognized, adding that his greatest achievements at Telair were becoming a supplier to Airbus and Boeing.

“We were able to demonstrate to both companies that Telair could provide technologically advanced products and services to meet their requirements,” Mr. Hauner said, adding, “…even though I have been honored for lifetime achievement, I still have a few more years.”

Group Vice President for AAR’s Structures and Systems segment, Terry D. Stinson, remarked that that Mr. Hauner’s recognition was well-deserved. “We have been very impressed with Axel’s leadership at Telair. This latest honor demonstrates how Axel and Telair are strengthening AAR’s standing as a leading provider of cargo loading systems to the global aviation marketplace.”

About Telair

Telair International is a one-stop-shop for the design and manufacture of advanced cargo handling systems and aftermarket services for the world’s airlines and OEMs. More information on Telair can be found at www.telair.com.

About AAR

AAR is a leading provider of value added products and services to the worldwide aerospace and government/defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services. More information can be found at www.aarcorp.com.

AAR was recently named the Best Aircraft Maintenance, Repair and Overhaul (MRO) Provider in the Americas, Aircraft Parts Supplier of the Year and was ranked among the Top Five MROs in surveys of airline executives and industry professionals. More information can be found at www.aarcorp.com.

 

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