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AAR said in a post-market-closing statement today that its fiscal first quarter sales (three months ending Aug. 31) will be lower than expected due to continued softness in the commercial aftermarket. Chairman and CEO David Storch is quoted as saying that the aftermarket parts demand curve didn't pick up as expected in August, and a recovery isn't expected until early 2010. Read the full statement here.
AAR, aftermarket, parts
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