AAR announces EAGLE fellowship program with Rock Valley College to support Aviation Maintenance Technician students

Rhea-AI Summary

On October 5, 2021, AAR (NYSE: AIR) announced a new fellowship program with Rock Valley College, aimed at addressing future maintenance demands in aviation. Ten students will receive cash awards for tuition and fees, requiring a two-year commitment to work at AAR’s Rockford MRO facility post-graduation. This initiative is part of AAR's EAGLE Career Pathway Program, emphasizing five core values: Ethics, Airworthiness, Greatness, Leadership, and Engagement. AAR aims to enhance workforce skills in both technical and leadership areas.

Positive

• Launch of a new fellowship program enhancing workforce talent in aviation maintenance.
• Collaboration with Rock Valley College strengthens educational partnerships.
• Fellowship includes cash awards that support student education and commitment to AAR.

Negative

• None.

Wood Dale, Oct. 05, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced a new fellowship program with Rock Valley College in Rockford, Illinois. This initiative is part of AAR´s EAGLE Career Pathway Program, which focuses on growing the talent necessary to meet the maintenance demands of the future with a focus on five core values:

•           Ethics

•           Airworthiness

•           Greatness

•           Leadership

•           Engagement

Fellowships, which include a cash award, will be offered to ten students and recipients who will work a minimum of two years with AAR. The funds may be used to cover the cost of tuition, fees and material and are annually renewable. To join, Fellows must meet certain eligibility criteria, including being a current or prospective student at Rock Valley College enrolled in the Aviation Maintenance Program, and must intend to work at AAR´s Rockford MRO location upon completion of graduation. Application information is available at https://www.aarcorp.com/RVC_Fellowship

“We are proud to announce this fellowship program, which builds upon the strong relationship that we already have with Rock Valley College,” said John Holmes, AAR President & Chief Executive Officer. “It is vital for the continued safety of the aviation industry that leading maintenance providers partner with educational institutions to increase the knowledge and skill of the workforce, not just in technical areas, but in leadership, problem solving and teamwork skills as well.”

To learn more about AAR´s EAGLE Career Pathway Program, please visit https://www.aarcorp.com/eagle-pathway-program/.

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About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at 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 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.  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.

FAQ

What is AAR's new fellowship program about?

AAR's fellowship program, announced on October 5, 2021, provides cash awards to ten students to support their education in aviation maintenance, requiring a two-year work commitment at AAR.

How can students apply for the AAR fellowship?

Students can apply for the AAR fellowship if they are enrolled in the Aviation Maintenance Program at Rock Valley College. Application details are available on AAR's website.

What values does AAR's EAGLE Career Pathway Program emphasize?

The EAGLE Career Pathway Program emphasizes five core values: Ethics, Airworthiness, Greatness, Leadership, and Engagement.

When was the AAR fellowship program announced?

The AAR fellowship program was announced on October 5, 2021.

What are the eligibility criteria for the AAR fellowship?

Eligibility criteria include being a current or prospective Aviation Maintenance student at Rock Valley College and intending to work at AAR’s Rockford MRO location upon graduation.