|Bid||57.81 x 900|
|Ask||57.89 x 800|
|Day's Range||56.04 - 58.07|
|52 Week Range||21.61 - 62.66|
|Beta (5Y Monthly)||2.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr. 28, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||70.64|
Norse Atlantic Airways, a long-haul budget carrier recently formed in Norway, has agreed to lease nine Boeing Dreamliner jets from Irish lessor AerCap Holdings, the two companies said on Monday. First deliveries will take place ahead of the airline's maiden flight, scheduled for December 2021, and the order will be completed no later than the end of the first quarter of 2022, Norse said in a statement. The leasing agreement covers six Boeing 787-9 aircraft for a period of about 12 years and three Boeing 787-8 aircraft for around eight years, at "attractive rates and payment terms", Norse said.
General Electric's (NYSE: GE) $30 billion deal to sell its GECAS aircraft financing arm to AerCap Holdings (NYSE: AER) is a key milestone in the industrial conglomerate's effort to get its balance sheet under control, the company's chief financial officer said on Wednesday, giving GE "multiple paths" to bring down its debt. Speaking at a Bank of America conference, GE chief financial officer Carolina Dybeck Happe said the company expects to have gross debt of about $70 billion once the GECAS deal closes, down from $104 billion at year's end.
Aircraft leasing giant AerCap's acquisition of rival GECAS will reduce competition in the aircraft market, the head of global airline industry body IATA warned on Wednesday. "We understand that the situation of the leasing companies is difficult," IATA Director General Alexandre de Juniac told Reuters. The world's two largest aircraft lessors announced plans last week to combine, with Ireland's AerCap agreeing to pay more than $30 billion for GECAS, the air finance business of General Electric.