Aircastle bullish on aircraft values; sees 'life yet in current narrowbodies'

The airline industry has been starved of aircraft for several years because of production difficulties, according to Aircastle CEO Ron Wainshal, who spoke before the JP Morgan Aviation, Transportation and Defence conference, yesterday. He also said that aircraft bank financing is limited to new aircraft being bought by airlines with great credit, leaving a huge market potential for aircraft leasing companies as the financial sector continues to recover.