Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

FLY Leasing Looking To Shrink Its Performance Gap

Even though the market may not always make the finest distinctions, there are some meaningful differences between the various aircraft leasing companies. Avolon has the youngest large fleet out there, while Air Lease's (NYSE:AL) large commitment book will send its average age down in the years to come. Elsewhere, AerCap (NYSE:AER) has taken on a big commitment in the acquisition of ILFC from AIG (NYSE: AIG).

That brings me to FLY Leasing (NYSE:FLY). This company has largely focused on sale/leaseback opportunities, and sports a fleet with a larger weighting towards Europe as well as a higher overall average fleet age. Due in part to lower asset utilization, FLY Leasing has trailed its...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details