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June 23, 2014
10:08 EDTAIRAAR Corp. announces five-year agreement with Kenya Airways
AAR is announcing a five-year multi-million dollar agreement with Kenya Airways to provide power-by-the-hour component support for its fleet of 737NG aircraft. AAR will place inventory on site in Nairobi while offering additional rotable pool support from its newly established supply chain hub in Brussels.
News For AIR From The Last 14 Days
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September 29, 2015
08:05 EDTAIRAAR Corp. appoints Michael Sharp as CFO effective October 5
AAR CORP. announced that Michael Sharp has been appointed to serve as the company's CFO, effective October 5, 2015. Sharp will replace John Fortson who is resigning and relocating to take a CFO position with a non-aviation company. Sharp currently serves as its Vice President, Controller and Chief Accounting Officer.
September 24, 2015
16:09 EDTAIRAAR Corp. reports Q1 EPS 23c, consensus 23c
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September 22, 2015
08:04 EDTAIRAAR Airlift repsonds to DynCorp lawsuit
AAR Airlift Group said it categorically denies the allegations set forth in a complaint filed by DynCorp International LLC in early September 2015 in the United States District Court for the Middle District of Florida. DynCorp's lawsuit alleges improper actions purportedly taken by AAR Airlift in connection with a solicitation issued by the U.S. Department of State Bureau of International Narcotics and Law Enforcement Affairs, Office of Aviation for a federal government contract (the "INL/A contract") supporting State's Worldwide Aviation Support Services program. The lawsuit follows a series of protests filed by DynCorp with the U.S. Government Accountability Office, beginning on February 12, 2015, after DynCorp and AAR Airlift each submitted proposals in October 2014 for the award of the INL/A contract. Steven Harrison, President of AAR Airlift, stated: "This lawsuit is entirely without merit and represents yet another tactic in an orchestrated campaign by DynCorp to delay the Department of State from making a contract award in support of a critical program. As the incumbent under the current INL/A contract, DynCorp significantly benefits from any delay in the awarding of the new INL/A contract."

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