Air Lease traded at $64.95 this Thursday April 2nd. Looking back, over the last four weeks, Air Lease lost 0.36 percent. Over the last 12 months, its price rose by 43.92 percent. Looking ahead, we forecast Air Lease to be priced at 62.86 by the end of this quarter and at 57.37 in one year, according to Trading Economics global macro models projections and analysts expectations.
Air Lease Corporation is an aircraft leasing company. The Company is engaged in purchasing new commercial jet aircraft directly from manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S (Airbus), and leases these aircraft to airlines throughout the world with the intention to generate returns on equity. In addition to its leasing activities, it sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. The Company also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The Company owns a fleet of approximately 354 aircraft in its operating lease portfolio, manages approximately 89 aircraft and has 338 aircraft on order with aircraft manufacturers and approximately 24 aircraft purchase options.