Thats his decision! I'm just doing my best to please him (no homo!!) 
trying your best to please a client is one thing, to facilitate them making a fool of themselves is quite another. this is a terrible idea for a design, and you are doing him no favors by going along with it. in fact, it reflects on you as the designer extremely poorly, and comes across as novice work.
the focus point of the entire design is a meaningless abbreviation that tells the viewer nothing about what you are trying to get across, and even worse it does indeed look more like AF instead of the intended AA. instead of being concise and explanatory as a logo should be, it only adds to the viewer's confusion.
the graphic work is not bad, however the concept is ill thought out.
