2024-05-13 06:32:21 ET
Summary
- CEO Gus Kelly compellingly discussed the tight aircraft leasing market and the role of airframes and engines in maintaining market tightness.
- AerCap shows indications of aircraft shortage through the extension of old leases and increasing lease rates.
- AerCap announced a buyback program, a maiden dividend, and investment into CFM engines, highlighting its bullishness on the aircraft market for years to come.
- We update our SOTP and recommendation based on the valuation.
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AerCap Investor Day Takeaways And Updated SOTP