- Language: English
- Published: February 2013
Summary: AAR Corp. Feb 09
- ID: 2042801
- February 2009
- Standard & Poors
The ratings on AAR Corp. reflect the risks associated with its primary market, the highly cyclical airline industry (currently affected by the recession), increased debt to fund to growth initiatives and acquisitions, and a competitive operating environment. These factors are offset in part by AAR's established business position and an overall appropriate financial profile. Wood Dale, Ill.-based AAR is a major independent provider of aviation support services, operating in four groups: the aviation supply chain (40%-45% of revenues); maintenance, repair, and overhaul (about 25%); structures and systems (30%-35%); and aircraft sales and leasing (less than 5%). North America is the company's largest market, accounting for about 75% of sales. A materially weaker economy in recent months and high fuel prices...
Companies mentioned in this report are: AAR Corp.
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