AAR Completes the Sale of 10 737-400 Aircraft to MAS from its Joint Venture Portfolio

 AAR Completes the Sale of 10 737-400 Aircraft to MAS from its Joint Venture
                                  Portfolio

PR Newswire

WOOD DALE, Ill., Feb. 26, 2013

WOOD DALE, Ill., Feb. 26, 2013 /PRNewswire/ --AAR (NYSE: AIR) and its joint
venture partner have completed the sale of 10 Boeing 737-400 aircraft to
Malaysian Airline System Berhad (MAS), which the Company announced in November
2012.

The sale is consistent with the Company's stated goal to reduce its investment
in aircraft leasing. AAR's portfolio now includes four aircraft held in joint
ventures and two aircraft that are wholly-owned. At its peak in 2007, the
Company held a total of 42 aircraft in its joint venture and wholly-owned
portfolios.

The transaction closed during the third quarter and will generate net cash
proceeds of approximately $20 million and a modest recorded gain during the
Company's current fiscal year 2013. Due to joint venture accounting, there
will be no impact on reported sales.

The Company remains active in the aircraft sales, re-marketing and
modification business, where AAR has an established market presence and
augments the sale of aircraft with high-value parts, maintenance and
modification services from its broad range of capabilities.

About AAR
AAR is a leading provider of value-added products and services to the
worldwide aerospace and government and 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 two operating
segments: Aviation Services and Technology Products. More 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. 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, 2012. 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

Website: http://www.aarcorp.com
Contact: Chris Mason, Communications Director, +1-630-227-2062,
chris.mason@aarcorp.com