WOOD DALE, Ill., April 14 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR)
announced today that The Boeing Company has issued a Multi Operator Message
("MOM") to its 707, 747, 757 and 767 customers, dated April 8, 2008,
referencing the FAA South Florida FSDO notice (UPN No. 2008-S2008 0110024)
issued on March 25, 2008 ("FAA Notice") regarding enamel paint applied by AAR
to the inside surfaces of the respective aircraft main landing gear ("MGL")
truck beams.
The MOM reconfirms the enamel applied by AAR as a top coat to the inner
diameter of landing gear truck beams "...to be equivalent to drawing finish
requirements and can be considered acceptable subject to all other standard
overhaul processes and applicable CMM [Component Maintenance Manual]
instructions being followed at the time of the overhaul."
Boeing also stated in the MOM that while the preferred finishing method
described in the applicable truck beam CMMs for 747, 757 and 767 aircraft does
not require an enamel top coat "...the presence of enamel top coat is not
detrimental and is equivalent to the design finish and hence type design." for
these aircraft models. They further stated that "For all 707 model aircraft,
the design finish scheme [described in the 707 CMM] includes both primer and
enamel paint in the inner diameter of the truck beam". Accordingly, a top
coat of enamel as used by AAR is required on the inner surface of 707 landing
gear truck beams. In deference to Boeing's preferred finishing method, AAR
Landing Gear Services discontinued applying the enamel top coat to internal
truck beam surfaces of 747,757 and 767 landing gear earlier this year.
FAA approval of enamel coating on MGL truck beam inner surfaces is
available through the issuance of an FAA Form 8100-9 upon customer request to
Boeing. The FAA is reviewing the Boeing top coating equivalency determination
in the MOM for its effect on the UPN. The Company expects no contingent
liability or financial penalties related to the FAA Notice.
AAR, which has been operating FAA approved Repair Stations since 1968, and
its over 6,100 employees are committed to complying with high industry
standards and regulatory requirements which are designed to ensure the safety
of the flying public. AAR has and will continue to work diligently with
Boeing and the FAA to clarify and resolve this issue with out disruption to
its customers.
AAR is a leading provider of products and value-added services to the
worldwide aerospace and defense industry. With facilities and sales locations
around the world, AAR uses its close-to-the-customer business model to serve
aviation 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, 2007 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.
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