US-based AAR has posted a group loss of $34.5m for Q3 2015, dramatically reversing its $17.9m profit in Q3 the previous year.
The firm cited the halting of Telair Cargo’s operations, which it has now sold to US aircraft component manufacturer TransDigm, as a key factor in the loss.
There were more positive results for AAR’s MRO services division, however, with sales up 10 per cent year on year to $318.4m, and profits up 32 per cent to $50.7m.
The firm cited new distribution programmes as contributing to the boost in sales.
AAR’s CEO David Storch said: “The MRO business is improving. We are seeing good improvement and results coming across that group of businesses.”