Air Partner leads decline in lessor stocks, Embraer stabilises – Suppliers Share Wrap

Shares in aircraft lessors fell substantially on Monday, lead by Air Partner, which lost 6.8%, to close at 505 pence. Genesis Lease (-5.2%), Aercap (-4.9%) and Babcock & Brown Air (-4.1%) were all also down heavily. Uncertainty in the market continues, with several major players still up for sale and Genesis Lease and Aercap due to merge later in the year. However, there have been positive signs in the market in recent months. Dubai-based Air Charter International noted at the beginning of the week that it has seen a pick-up in demand in the Asia Pacific region.