AAR chief sees airline stability despite financial turmoil

10/6/2008 | Wall Street Journal, The

AAR Corp., a supplier of aircraft maintenance and spare parts, believes the U.S. airline industry is well-positioned to weather the current financial downturn. "We think many of our U.S. customers have taken prudent steps to make sure they are adequately funded," said President and CEO David Storch. But further service cuts could hurt AAR, which gets about 60% of its revenues from servicing airlines around the world. "We would be concerned if there is further grounding of aircraft," he said.

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