Aircastle sees huge market potential as financial sector continues to recover
Shares in leasing companies made minimal movement in trading on Wednesday. Avation PLC shares were up 1.4%, while Aircastle stock rose 0.6%. ALAFCO shares fell 1.4%, as Middle East markets remain fragile in the face of continuing social and political unrest in the region.
Aircastle provided the following business updates at the JP Morgan Aviation, Transportation and Defence Conference
- Fleet utilisation:
- Expected 1Q2011 revenue utilisation of at least 98% and rental yield of around 14%;
- Lease placement and aircraft sales.
- 2011 leasing:
- 2012 leasing:
- Aircraft sales:
- Aircraft deliveries:
- Eight A330s to be delivered during 2011 and H1 2012. Signed long-term leases for all aircraft;
- Bank commitments in place to finance all 2011 deliveries based on Export Credit Agency support.
Selected Lessors' daily share price movements (% change): 24-Mar-2011