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Apr 28 2021, 16:55 IST/BST
AerCap Holdings
Building momentum and ready for GECAS
- Sectors : Aircraft Leasing
- Companies : AerCap Holdings
DAVY VIEW
AerCap’s strong balance sheet (leverage 2.5x), available liquidity ($8.7bn) and platform capability (60 lease agreements in Q1) leave it in very good shape ahead of the GECAS deal. Its Q1 earnings, with underlying PBT effectively back to $300m, driven by maintenance income and a solid cost performance, also suggest it is building momentum just as sector-wide confidence improves. We continue to see attractive upside and credible catalysts.
