Air Lease Corporation Class A C (AL) rated Outperform with price target $28 by FBR Capital
Air Lease Corporation Class A
C (AL) rated Outperform with price target $28 by FBR Capital.
Air Lease Corp
oration (ALC) is engaged in purchasing commercial aircraft. As of December 31, 2010, the Company owned 40 aircraft. Its fleet is consisted of aircraft, such as the Airbus A319/320/321 and the Boeing 737-700/800, and select wide body (twin-aisle) aircraft, such as the Airbus A330-200 and the Boeing 777-300ER. It leases its aircraft to airlines pursuant to net operating leases that require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term, which includes fuel, crews, airport and navigation charges, and insurance.
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