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Sydnee Gatewood
Sydnee Gatewood
Articles (1600) 

Keeley Asset Management Comments on Air Lease

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January 23, 2020 | About:

Air Lease Corporation (AL - $27.52 – NYSE) (NYSE:AL) is one of the fastest-growing commercial aircraft leasing companies. Air Lease was a strong contributor in the quarter as its strong business model was unphased by the prolonged 737MAX grounding and continued low-cost carrier bankruptcies. High demand for aircraft, exacerbated by the 737MAX situation and Airbus production delays, has led to higher lease rates, higher used plane values and easy placement of planes taken back from bankruptcies. The company remains attractive as it is still trading below book value.

From Keeley Asset Management's Keeley Mid Cap Dividend Value Fund fourth-quarter 2019 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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