AAII Alabama Aircraft Industr (MM)

Alabama Aircraft Industries, Inc. (๏ฟฝCompany๏ฟฝ), a leading provider of aircraft maintenance and modification services for the U.S. Government, today announced that a jury in the Circuit Court of Dale County, Alabama found in favor of the Company in its complaint against GE Capital Aviation Services, Inc. (๏ฟฝGECAS๏ฟฝ). The jury awarded the Company $2.1 million in compensatory damages and $6.5 million in punitive damages. The Company performed cargo conversion work for GECAS in 2003 at a former subsidiary located in Dothan, Alabama. Ronald Aramini, Alabama Aircraft๏ฟฝs President and CEO, stated, ๏ฟฝWe are extremely pleased with the jury๏ฟฝs verdict and their finding that we should be properly compensated for the quality work performed by the workers at our former subsidiary located in Dothan, Alabama.๏ฟฝ

About Alabama Aircraft Industries

Alabama Aircraft Industries, Inc., with executive offices and facilities in Birmingham, Alabama, performs maintenance and modification of aircraft for the U.S. Government and military customers. The Company also provides aircraft parts and support and engineering services.

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Aaipharma (NASDAQ:AAII)
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