Why AerCap Holdings Stock Climbed This Week
On Nov. 1, AerCap Holdings (NYSE: AER) closed a deal that makes it the dominant force in the world of aircraft leasing. Investors are excited by the potential of the combination, sending the shares up nearly 10% for the week as of midday trading on Thursday.
AerCap is an aircraft lessor, a company that buys planes directly from manufacturers and sources them to airlines on long-term leases. Airlines like the arrangement because it allows them to keep the high cost of new planes off of their balance sheets and can provide more fleet flexibility.
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Source Fool.com
