Last year, global air passenger traffic grew by 6.3%. And the International Air Transport Association (IATA) estimates that the number of annual passengers will double in the next 20 years, to 7.2 billion. That’s bullish news for Air Lease, which purchases aircraft from manufacturers like Boeing and Airbus and then rents or sells them to airlines around the world. Air Lease has grown its sales by an average of 21% per year since 2012. To guard against volatility in the aviation industry, the company is diversifying its customer base, turning to regions like Asia, where the most air traffic growth is expected to take place.
John L. Plueger
Los Angeles, Calif.
|Revenues ($M) (Past 12 Months)||$1,467|
|Profits ($M) (Past 12 Months)||$376|
|Market Value as of Oct. 9, 2017 ($M)||$4,454|