Aircastle Limited (NYSE:AYR)
A global company that acquires and leases high-utility commercial jet aircraft to passenger and cargo airlines throughout the world.
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Increased flexibility in a struggling and competitive market may be a difference maker to airline companies.
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financing of airplanes is a great business with secular growth in the aerospace industry.....starting with dividend policy and potential capital gains on sales of depreciated airplanes.
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I was concerned when the CFO hastily exited the company earlier this month. The stock has been sluggish since but today's news shows that the new CFO, Michael Inglese, has purchased $1.2 million in AYR shares. This news should comfort other shareholders that Inglese has not found, to this point, any irregularities in the books. AYR is picking up 0.5% in price today, presumably on this news.
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cash in on expanding fractional ownership of private jets
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bit pricey for me currently, but im putting it in caps as a "wait and see"
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Should blow out earnings this week.
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Flying towards North!
Aircastle Limited is a global company that acquires and leases high-utility commercial jet aircraft to passenger and cargo airlines throughout the world. They manage their business through two business segments: Aircraft Leasing and Debt Investments. They have acquired and committed to acquire $3.7 billion of aviation assets including 115 aircraft leased to 48 lessees located in 27 countries. Aircastle also makes investments in other aviation assets, including debt securities secured by commercial jet aircraft. It has service offices in the United States, Ireland and Singapore.
The international air traffic is increasing every year by almost 6-7% giving an opportunity for leased aircrafts owners, as the aircraft leasing business is directly proportional to the demand and supply for aircraft. This promises healthy signs for the future of the company. Also, globally approximately 42 percent of the deliveries between 2006 and 2010 will be dedicated to fleet modernisation, which will result in increased efficiency and safety that will bring next-generation airplanes.
Aircastle’s financials are showing strong indication for future growth with its revenue increasing by seven times during third quarter 2006 when compared to previous year. This was primarily driven by higher sales from Aircraft leasing division owing to aircraft acquisitions. Also company had net income of $31.41mn from increased interest income during nine-month end 2006 as compared to a previous year loss.
With the recent acquisition of 38 aircrafts from Guggenheim Aviation Partners valued at approximately $1.595 billion, the future prospect of the company looks quite strong. Also, it is looking out for further acquisitions in near future. The above factors indicate the stock price to enter the bullish phase.
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Aerbus loss of cargo business in China will spur AYR to be an more attractive to potential buyers in lieu of buying more planes from Airbus
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dynamite aerospace company that leases planes to major airlines
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Air Castle is a relatively new company. The IPO was on August 8, 2006, the intial price was forcast to be $21.00 to $23.00, yet it posted a high closing price of $27.45 on it's first day. No analysts are following this stock!
Currently Air Castle has 42 aircraft on lease around the world with 24 clients in 16 countries. Six Boeing 737's were recently purchased by Air Castle for it's leasing operation.
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