Fly Leasing, Ltd. (NYSE:FLY)
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The Company was formed to engage in the business of financing as well as acquiring, leasing and selling commercial jet aircraft to airlines.
For investors, by investors
The Company was formed to engage in the business of financing as well as acquiring, leasing and selling commercial jet aircraft to airlines.
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economic conditiond create cutbacks in companies
80% of this companies business is out of the US. Much of it in countries that even with a slowdown will grow at 6 to 8%. They have 3 year leases which gives them visibility into the future. They only question is how fast they grow their bottom line. They must keep their expenses in check to be good in this business. In short I think you are wrong in your pick.
It seems that you have better data than I have, especially on the leasees.I would like to know to which carriers they have leased out which plane, at which rate, and for which duration. The customers I am aware of (ATA [bancrupt by now], Ethiopian Airlines) are rather not my dream customers.I would be pleased if you could provide a link to such info. Thanks in advance and best regards.Bernie
Bernie - as far as I know they do not identify individual customers. But they state: "B&B Air currently has a fleet of 62 aircraft that it leases under multi-year operating leases to 36 airlines in 19 countries." So I would not worry too much about the impact any single airline has on the company.