- Language: English
- Published: November 2012
- Region: Iraq
Summary: AAR Corp. Mar 04
- Published: March 2004
- Standard & Poors
The ratings on Wood Dale, Ill.-based AAR Corp. reflect the risks associated with difficult conditions in the airline industry, the company's primary market; weak profitability; and subpar credit protection measures. Those factors are partly offset by the company's established business position and moderately leveraged capital structure. AAR is the largest independent provider of aviation support services, operating in four groups: inventory and logistics services (40%-45% of revenues); maintenance, repair, and overhaul (30%-35%); manufacturing (about 20%); and aircraft and engine sales and leasing (5%). The U.S. is the largest market, accounting for about 75% of sales. The Sept. 11, 2001, attacks, a sluggish global economy in the past two years, the Iraq war, and SARS have had a severe impact on...
Companies mentioned in this report are: AAR Corp.
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