ADVFN - Advanced Financial Network.
HOME» NYSE » A » AYR Stock Price » AYR Stock News

Aircastle Ltd. Share News

 Aircastle Ltd. Stock Price
AYR Stock Price
 Aircastle Ltd. Stock Chart
AYR Stock Chart
 Aircastle Ltd. Stock News
AYR Stock News
 Aircastle Ltd. Company Information
AYR Company Information
 Aircastle Ltd. Stock Trades
AYR Stock Trades

Aircastle CEO Sees No Impact From New Airbus, Boeing Planes

By Doug Cameron Of DOW JONES NEWSWIRES The head of one of the world's largest aircraft leasing companies said Thursday new planes planned by Airbus and Boeing Co. (BA) weren't hitting rental rates for existing planes. Ron Wainshal, chief executive officer of Aircastle Ltd. (AYR), also said the company would boost its planned spending on planes this year, with more opportunities emerging as banks pulled back from financing in the sector. The impact of the new Airbus A320neo and Boeing 737 Max on aircraft rental rates has been a subject of intense industry debate. International Lease Finance Corp., the world's second-largest lessor, has taken billions of dollars in write-downs on its fleet, citing the depressive impact of new, yet-to-fly planes. Other leasing companies have not followed suit. "Max and neo [have] had zero impact on rentals," said Wainshal at an investor conference. He said rental rates for some aircraft types--notably the Boeing 737-800--have recovered "modestly," and are outperforming the Airbus A320. Both planes are due to be replaced by versions with new engines later in the decade. Wainshal said Aircastle planned to invest at least $700 million in planes this year, $100 million higher than previously forecast. ILFC's writedowns over the past two years have rattled an industry that had prospered from the growing popularity of airlines renting rather than buying planes. The company attributed part of the charges to the depressing impact on existing plane values from new aircraft. Most rivals, including the market-leading Gecas unit of General Electric Co. (GE) did not take parallel writedowns, and have said it's too soon to determine the impact of new planes that won't come into service until late 2015 at the earliest. -By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com

Stock News for Aircastle Ltd. (AYR)
DateTimeHeadline
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
06/07/201309:18:16U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
08/08/201209:38:33US HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/12/201213:43:11Aircastle CEO Sees No Impact From New Airbus, Boeing Planes
03/08/201218:04:32ILFC Signals Aircraft Charges Under Stress Tests
03/16/201018:11:11Aircraft Finance Industry Sees 'Gap' Falling To $2 Billion-$4...
12/17/200916:44:11Boeing's Aircraft Lending Unit Sees Global Changes Ahead

Aircastle Ltd. and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad