|Bid||28.36 x 1800|
|Ask||28.38 x 800|
|Day's Range||27.16 - 28.87|
|52 Week Range||10.42 - 64.86|
|Beta (5Y Monthly)||2.12|
|PE Ratio (TTM)||3.37|
|Earnings Date||Nov 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.29|
The aviation leasing arm of General Electric (NYSE: GE) is partnering with PIMCO Investment Management to launch an aircraft leasing platform to support up to $3 billion in aircraft financing. GE's GECAS division is already one of the world's largest aircraft lessors, buying planes directly from manufacturers and leasing them to airlines. It's a model that airlines have embraced in recent years as a way to keep aircraft debt off their balance sheets, leading to a rise in interest for businesses including GECAS, AerCap Holdings (NYSE: AER), and Air Lease (NYSE: AL).
Investing in specific passenger carriers right now is risky, but this company offers a good way to bet on the industry.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AerCap Holdings N.V. New York, August 31, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AerCap Holdings N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.