Parker-Hannifin on Thursday posted a quarterly profit that surpassed estimates, driven by higher demand for its aircraft parts and components, sending its shares up 6% in morning trade.

Storch explained, this could have consequences beyond the government paying more than expected for airplane components.

But an investigation by the Department of Defense’s Inspector General said last year the office overseeing the spare ... aircraft availability hours.” The problem with spare parts will ...

Airlines may have comparatively more widebody aircraft as "spares" as the pain of cancelation for those flights is typically higher. Airlines keep certain spare parts for their aircraft on hand so ...