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Feb 10 2020, 12:50 GMT
Aircraft Leasing
On stable footing for 2020
- Sectors : Aircraft Leasing
- Companies : Air lease | Aircastle | Avation | AerCap Holdings
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AerCap Holdings | OUTPERFORM | 27/06/17 | N/A | N/A | 5816c |
| Air lease | OUTPERFORM | 01/11/19 | N/A | N/A | 4313c |
| Aircastle | NEUTRAL | 01/11/19 | N/A | N/A | 3219c |
| Avation | OUTPERFORM | 01/11/19 | N/A | N/A | 318.0p |
DAVY VIEW
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.
