Stock price when the opinion was issued
Largest airplane leasing company globally. A lot of the leasing companies have been hit hard by the credit fears that we have seen globally. All these companies are seeing a very robust airplane leasing market. This one has 85% of their new fleet coming in, leased to 2018 with a 99% utilization rate. Trading at only 6X earnings with a 14% ROE.
New for him. A great way to play airline purchases which will be strong. AER finances these purchases. They offered to buy part of GE.