AAR Airlift Reports Helicopter Accident in Afghanistan

Published on Monday, 16 January 2012 12:09 Written by TradersHuddle Staff

WOOD DALE, Ill., Jan. 16, 2012 /PRNewswire/ -- AAR Airlift, an operating unit of Chicago based AAR CORP. (NYSE: AIR) reports that a helicopter carrying a crew of three employees was involved in an accident in Helmand Province, Afghanistan at approximately 10:45 a.m., local time, January 16, while conducting operations for the U.S. Department of Defense.

The Company has confirmed that there were three crew member fatalities. The families of all three crew members have been contacted. The Company reports that no passengers were aboard the aircraft at the time of the accident.

Company officials are working closely and cooperating fully with authorities in Afghanistan and stateside. A recovery effort is underway and the cause of the accident is unknown. Additional information will be provided as it becomes available.

The Company is focused on its employees and their families. A dedicated hotline has been set up for employees and family members at (321) 837-2427 for updates and support information.

AAR Airlift is a provider of expeditionary airlift services and specialized aircraft modifications for defense and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense (DoD) in three regions around the world, using both fixed-wing aircraft and rotary-wing aircraft to transport personnel, supplies and mail.

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 Form 10-K for the fiscal year ended May 31, 2011. 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. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.

SOURCE AAR