The suspension of AAR Landing Gear Services’ FAA repair station certificate in February cost AAR Corp. $3 million to $3.5 million in revenue and $1 million in operating income in the quarter ended Feb. 28, amounts that should be recouped in the succeeding two quarters, the company said. FAA suspended the Miami landing gear facility’s certificate on an emergency basis on Feb. 10 because, the agency said, the MRO did not follow manufacturer maintenance manual procedures for conducting liquid ...
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