18-Feb-2011 4:31 PM
Aircastle shares surge to new high
Analysis
Shares in independent aircraft leasing company Aircastle surged 4.3% in trading yesterday to hit a 28-month high. The company's stock has gained 22% for the year to date, trading strongly since the end of Jan-2011.
Summary
- Aircastle's shares reached a 28-month high, surging 4.3% in trading.
- Aircastle's stock has gained 22% year-to-date and has been trading strongly since the end of January 2011.
- FLY Leasing and Aerocentury experienced more modest gains, with increases of 1.2% and 1.1% respectively.
- Aircastle is an independent aircraft leasing company.
- The surge in Aircastle's shares indicates positive investor sentiment towards the company.
- The performance of Aircastle's stock suggests a positive outlook for the aircraft leasing industry.
Other listed leasing companies were more subdued, with FLY Leasing (+1.2%) and Aerocentury (+1.1%) the only other major movers.
Selected Lessors daily share price movements (% change): 18-Feb-2011
