Download full report with analyst certification and important disclosures
Feb 10 2020, 12:50 GMT
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
We expect AerCap and Air Lease to report solid Q4 results this week. Supported by the tone of cautious optimism from the aircraft leasing conference season, we also see robust outlooks for 2020 with profitable growth continuing to feature on both companies’ agendas. The coronavirus will weigh on travel demand in specific regions, but we think there is a compelling risk-reward balance at discounts of >20% to 12-month book values.