By Dean Seal
AAR shares recovered somewhat after the company said it didn’t perform any work on or near any mid-cabin exit door plug of the Alaska Airlines Boeing 737 MAX 9 that had a structural failure on Friday night.
The stock fell 8% to $55 in early trading Monday, but after reporting that it didn’t work near the affected part of the aircraft, shares pulled back up to a more modest 3.2% loss at $58.10.
The aviation services provider said Monday that it was contracted by Alaska Airlines to perform a Wi-Fi modification on the aircraft between Nov. 27 and Dec. 7.
According to the company, that work didn’t occur near the plugs on an emergency door that ripped away at 16,000 feet three days ago.
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