These guys are in a great position, the number of aging small jets to service the market is shrinking and they did a great deal in the darkest hour to bolt on a nice fleet of spares/exrta planes, to lease a new 100 seater jet is now min $3-5m usd a year and there is not much to choose from, the embraer 190 or the a220 , that makes me think AQZ have no competition until they are making $3m+ ebitda per plane in service and probably more so well north of 100m, they have a good 10 years left on the current fleet, in three years they will be debt free and cranking out cash, I would love to be a fly on the wall at the contract renegotiations which will have flipped from desperation to renew to discussions about how much the increase is going to be .... growing new streams all over the place looks like another 20% growth is baked in for 2019 min from the new planes joining service .... all looks great unless there is a massive slowdown , but the balance sheet is now very secure ....
AQZ Price at posting:
$2.25 Sentiment: Buy Disclosure: Held
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