AerCap Delivers First A321neo to Thai Airways, Supporting Fleet Modernization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: PRnewswire
- First Aircraft Delivery: AerCap has delivered the first Airbus A321neo to Thai Airways, marking a significant milestone in their long-standing partnership since the mid-1990s, with nine more aircraft scheduled for delivery, enhancing THAI's fleet modernization efforts.
- Modernization Strategy: The arrival of THAI's first A321neo will significantly improve fleet efficiency, equipped with advanced energy-saving technologies that are expected to reduce fuel consumption and carbon emissions, thereby enhancing its global competitiveness.
- Long-term Partnership: AerCap's relationship with THAI began with the leasing of Airbus A330-300s and Boeing 737-400s, reflecting deep trust and collaboration in the aviation leasing sector, supporting THAI's financial robustness during its transformation.
- Market Impact: This delivery not only supports THAI's modernization strategy but also enhances its position in the global aviation market, further solidifying AerCap's leadership in the aviation leasing industry.
AER
$145.22+Infinity%1D
Analyst Views on AER
Wall Street analysts forecast AER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AER is 148.43 USD with a low forecast of 141.00 USD and a high forecast of 157.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 145.680
Low
141.00
Averages
148.43
High
157.00
Current: 145.680
Low
141.00
Averages
148.43
High
157.00
About AER
AerCap Holdings N.V. is an Ireland-based company, which is primarily engaged in aviation leasing. The Company provides a range of assets for lease, including narrowbody and widebody aircraft, regional jets, freighters, engines and helicopters. Its portfolio consists of 3,536 aircraft, engines, including engines owned and managed by its Shannon Engine Support Ltd (SES) joint venture, and helicopters that were owned, on order or managed. In addition, it offers aftermarket components, equipment and services through its materials business and the lease, purchase and financing of spare engines. Its passenger aircraft portfolio includes Airbus A220 Family, Airbus A320neo Family, Airbus A320 Family, Airbus A330neo Family, Airbus A330neo Family, Airbus A350, Boeing 737 MAX, Boeing 737NG, Boeing 777-200ER/ 300-ER, Boeing 787 and Embraer E190/E195/E2. Its freight aircraft portfolio includes Airbus A321, Boeing 737 and Boeing 767/777.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
