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09:03 EDTAIR
theflyonthewall.com: AAR Corporation modifies support agreements with Mesa Air Group
AAR and Mesa amended their parts supply and maintenance agreements for Mesa's CRJ-200 and ERJ-145 aircraft fleet to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat aircraft market. In consideration for these amendments AAR will receive a cash payment from Mesa along with 15 million shares of Mesa's common stock. AAR will return to Mesa $6.1 million aggregate principal amount at maturity of Mesa's 2023 notes. AAR does not expect to increase its stock ownership in Mesa, and may sell down its position from time to time as market conditions permit. AAR has generated approximately $30 million in annual sales supporting Mesa's CRJ-200 and ERJ-145 fleets. :theflyonthewall.com



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February 9, 2010
16:26 EDTAIR
theflyonthewall.com: AAR Corporation sees unfavorable impact of 10c per share in Q3

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