![]() decrease was in aircraft leasing operation AerCap Holdings N.V. It shows the cash flow generation and cash obligations related to the credit of the firm, adjusted for non-cash financial statement reporting distortions from GAAP.Ĭlick here to read the article in its entirety at Seeking Alpha. short side as compared with the previous quarter, according to Seeking Alpha. The chart provides a far more comprehensive view of credit fundamentals than traditional ratio-based analyses. We produced a Credit Cash Flow Prime™ chart for AerCap Holdings N.V., as we do for every company we evaluate. In addition, credit markets understating AER’s credit risk with a CDS of 198bps and a cash bond YTW of 3.115%, relative to our Intrinsic CDS of 281bps and our Intrinsic YTW of 3.955%. Valens therefore rates AER four notches lower at an HY2 credit rating (B2 using Moody’s ratings scale). Even when analyzing the same stock at the same time, it’s unlikely that you’ll see much information repeated between the two services. May saw strong April global plugin electric car sales and another very busy month of news. Our fundamental analysis highlights a riskier credit profile for AER since even the combination of their cash flows and cash on hand will not be able to cover their material debt maturities beginning in 2017. Seeking Alpha: Differences Stock Analysis The biggest difference between The Motley Fool and Seeking Alpha is in the two platforms’ approaches to stock analysis. Robert Way Welcome to the May 2023 edition of Electric Vehicle EV company news. (NYSE:AER) with its cross-over Ba1 credit rating. Grey Ghost Capital on Seeking Alpha February 21, 2023. Moody’s is understating the fundamental credit risk of AerCap Holdings N.V. and prefer AerCap (AER) for those seeking exposure to the sector. In addition, our qualitative analysis highlights that management may be concerned about their ability to manage leverage and improve their liquidity position.We rate AER as a much riskier credit because of their consistent material debt maturities and weak recovery rate.Credit markets are also understating AER’s credit risk with a CDS of 198bps and a cash bond YTW of 3.115%, relative to our 281bps iCDS and our 3.955% iYTW.with their cross-over Ba1 credit rating four notches higher than our fundamental HY2 (equivalent to B2) credit rating. Moody’s is understating the credit risk of AerCap Holdings N.V. The designated retailer for small customers seeking connection to an embedded.“The addition of Etihad to the carrier’s equity base provides the Irish government with an additional potential bidder for its 25 percent stake when that is offered for sale,” analysts at broker Bloxham said on Tuesday. In return, Etihad received a code-share agreement giving it access to Air Berlin’s dense European short-haul route network and to the German capital ahead of Emirates, one of the fastest-growing carriers in the world, which has been lobbying for years to get into Berlin.Įtihad has already flagged its interest in the government’s stake in Aer Lingus, with Chief Executive James Hogan telling an Irish newspaper in February that the group would be open to talks. In December, it raised its stake in Air Berlin to nearly 30 percent from just under 3 percent, paying approximately 73 million euros and lending the carrier $255 million. The deal also positions state-owned Etihad as a potential buyer of the indebted Irish government’s 25 percent stake in Aer Lingus, which it is considering selling as part its international bailout.Īfter months of speculation about a possible deal, the airlines said on Tuesday that Etihad’s stake purchase reflected “its desire to forge a commercial partnership,” with Aer Lingus.Īer Lingus said talks with Etihad, which operates 10 flights a week between Abu Dhabi and Dublin since launching the service in 2007, so far have centred around a code-share agreement and have been extended to include cost savings through joint procurement.Īer Lingus said Etihad had told the Irish carrier that it did not intend to increase its stake pending the outcome of the talks.Įight-year-old Etihad is attempting to gain scale quickly - particularly in Europe - as it bids to catch up to rivals such as Dubai government-owned Emirates and Qatar Airways. This is after a free 7-day trial to see if you like it. This makes the plan 99 for the first year, instead of the normal 239. DUBLIN, May 1 (Reuters) - Etihad Airways has bought a 3 percent stake in Irish airline Aer Lingus as a precursor to a commercial tie-up that could help Abu Dhabi’s flagship carrier gain more European routes to catch up with Middle Eastern rivals. Motley Fool Morningstar Premium Should You Sign Up with Seeking Alpha Seeking Alpha Sale 58 OFF Seeking Alpha is offering a 58 discount on their annual premium plan.
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