AAR Corp reports USD13.7m profit, AerCap takes delivery of 100th Airbus – Suppliers Share Wrap
AAR Corp reported a net profit of USD13.7 million for the first quarter of its financial year (three months ended 31-Aug-2010), from revenue of USD412. Revenue increased 21% year-on-year, mostly due to the acquisition of Aviation Worldwide Services (AWS), which was acquired in the fourth quarter of FY2010. Government and Defence services revenue was USD129.3 million versus USD36.7 million last year, with AWS “performing ahead of plan”.
