More ordering and competition expected in leasing sector
Dutch aviation lessor AerCap slipped 3.7% in trading on Friday, with most other lessors also losing ground at the end of last week.
- Dutch aviation lessor AerCap and other major lessors experienced a decline in trading on Friday.
- Aircastle, Air Partner, and FLY Leasing also saw their share prices drop.
- ILFC announced plans to open a new office in Amsterdam, indicating increased competition and aircraft ordering in the leasing sector.
- AerCap opened a new office in Abu Dhabi in December 2010, following an investment by Waha Capital.
- Major aircraft acquisitions are expected from ILFC and Air Lease Corp, with continued interest from other players like Avolon Leasing Group.
- CIT Group has already confirmed an order for 38 B737NG aircraft this year.
Aircastle dropped 3%, Air Partner was down 2.2% and FLY Leasing slipped 1.2%. ALAFCO was flat, while Aerocentury and Willis Lease Finance posted minor gains.
Renewed competition and aircraft ordering from the leasing sector is expected through the year. ILFC announced plans this week to open a new office in Amsterdam, while AerCap opened a new Abu Dhabi office in Dec-2010, following a move by Abu Dhabi-based Waha Capital to acquire a 20% stake in the company in Oct-2010. Major aircraft acquisitions are reportedly in the pipeline from ILFC and Air Lease Corp, with continued order interest from other players such as Avolon Leasing Group. CIT Group has already confirmed an order for 38 B737NG aircraft this year.
Selected aviation suppliers daily share price movements (% change): 28-Jan-2011
