AAR names Andrew Schmidt Senior Vice President of AAR Digital Services and Trax
17 Julho 2023 - 10:00AM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, has named
Andrew Schmidt its Senior Vice President of AAR Digital Services
and Trax.
Schmidt will work closely with the Trax founders and their
leadership team to scale the Trax business by growing the customer
base, enhancing customer support, and expanding product offerings
through digital innovation. He will help to execute the Company’s
strategy for Trax, which includes building a foundation for a new
parts ecosystem in coordination with AAR and parts suppliers and
more broadly incorporating AI into Trax’s offerings.
Schmidt brings more than 30 years of experience
across aviation, finance, and digital solutions, including serving
as AAR’s Senior Vice President of Intelligent Solutions from 2011
to 2018. Under Schmidt’s leadership, AAR acquired and integrated
Airinmar® and launched PAARTSTM Store, bringing the Company’s parts
sales online to increase revenue and expand product reach to
additional customers. In addition to AAR, Schmidt held various
other senior-level roles, including with Seabury Capital, Macquarie
Capital’s Aviation and Aerospace Investments, and Oliver
Wyman.
“Opportunities exist to more rapidly deploy Trax’s entire
portfolio of products and services for existing and new customers
to realize operating efficiencies and productivity improvements in
their workforces. We are determined to leverage Trax’s position in
the mobile software market and expand it to encompass autonomous
enterprise solutions,” said Schmidt. “I am excited to work with the
Trax team to execute our shared vision.”
“Andy has been involved in our relationship with Trax since the
beginning and recognizes the opportunities that exist to strengthen
Trax’s foundation and potentially facilitate AAR’s investments in
other complementary digital applications and businesses,” said John
M. Holmes, AAR’s Chairman, President and CEO. “We are excited about
his support to grow the Trax business and position AAR’s existing
digital services for even greater commercial success.”
For more information on AAR, visit aarcorp.com. For more
information on Trax, visit trax.aero.
About AARAAR 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 aarcorp.com.
About TRAXTRAX, a wholly owned subsidiary
of AAR, provides comprehensive software solutions designed to
manage all aspects of aircraft maintenance. TRAX is the premier
provider of aviation maintenance mobile and cloud products in the
global market today. TRAX products support digital signatures,
paperless working including Workpacks and manuals, RFID-capability
for logistics, Biometric security, offline capability for its suite
of mobile apps, web-based applications, and the ability for users
to work anywhere with easy access to real-time information.
Additional information can be found at trax.aero.
This
press release contains certain statements relating to potential
future activities, opportunities and conditions related to the Trax
business and the Company’s digital services generally. Such
statements 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 and the anticipated
benefits may not be realized. 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, except as required by
law. |
- Andrew Schmidt, SVP of AAR Digital Services and Trax
Media Team
AAR CORP.
+1-630-227-5100
Editor@aarcorp.com
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