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AerCap Holdings NV
AER.NISIN: NL0000687663SEDOL: B1HHKD3 |
Rating: HOLD |
Target Price: 6.35 USD |
Investment Horizon: 6 to 24 months |
Company News Alert
AerCap Holdings N.V. (AerCap) announced its 2Q 09 transaction details regarding aircraft purchase and sale, new lease agreements, aircraft financing agreement and other aircraft-related transactions. We believe these are positive developments for the company, given the current phase of slowdown in the airline industry, which has been negatively impacted by the global economic downturn. However, given the current price levels, we maintain our HOLD rating for the company....
Company News Alert
The NYSE stock of AerCap Holdings N.V. (Aercap) increased 62.1% since our last update report, closing at US$6.94 on 08 May 2009, above our target price of US$6.35. The rally in the NYSE stock reflects positive market conditions with the NYSE Composite Index increasing 12.4% over the same period. Global financial markets have rallied over the past 2 weeks reflecting improving economic data from the…
1Q 09 News Alert
AerCap Holdings N.V.'s (Aercap) 1Q 09 revenues and adjusted net income exceeded our estimates, driven by higher than anticipated leasing and sales revenues, coupled with lower-than-anticipated interest expenses. However, profitability was impacted by higher-than-anticipated operating expenses. Given the higher than anticipated 1Q 09 performance and current price levels, we do not anticipate a change to our current BUY rating for the NYSE stock. We will reassess our…
4Q 08 & FY 2008 Update Report
We expect Aercap’s revenues to decline in FY 2009, primarily due to lower sales revenues, reflecting our expectations of lower sales activity in FY 2009. Although we expect softening lease rates to impact lease revenues from aircraft which are scheduled for re-leasing during FY 2009 and FY 2010, this is expected to be more than offset by the increase in the leased aircraft portfolio....
Company News Alert
AerCap Holdings N.V. (AerCap) announced its 1Q 09 transaction details regarding aircraft purchase and sale, new lease agreements, aircraft financing agreement and other aircraft-related transactions. We believe these are positive developments for the company, given the current phase of slowdown in the airline industry, which has been negatively impacted by the global economic downturn. Furthermore, as current price levels continue to support our BUY rating…
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