Air Lease Corporation AL announced the delivery of one new Airbus A350-900 aircraft on long-term lease to Spanish airline — World2Fly. It is the first of two new A350-900 jets to be delivered from Air Lease's order book with Airbus.
This modern and fuel efficient aircraft consists of Rolls-Royce Trent XWB engines. Matthew Stevens, assistant vice president of marketing at Air Lease, stated, “We are delighted to deliver our first of two new A350-900 aircraft to our new customer, World2Fly”.
Apart from this delivery to World2Fly, Air Lease recently announced the delivery of a new Boeing 737-9 aircraft on long-term lease to Aeromexico. It is the first of four new Boeing 737-9s jets confirmed to be delivered to the Mexico-based carrier.
Both these deliveries are expected to boost Air Lease’s top-line numbers by augmenting lease revenues.
Zacks Rank & Stocks to Consider
Air Lease currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the broader Zacks Transportation sector includes Landstar System, Inc. LSTR, Triton International Limited TRTN and Herc Holdings Inc. HRI. Herc Holdings and Landstar sport a Zacks Rank #1 (Strong Buy), while Triton carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
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Air Lease Corporation (AL) : Free Stock Analysis Report
Landstar System, Inc. (LSTR) : Free Stock Analysis Report
Herc Holdings Inc. (HRI) : Free Stock Analysis Report
Triton International Limited (TRTN) : Free Stock Analysis Report
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