Two points you are missing: 1. Substantial earnings we should get from the deployed planes - Qantas is around 22 atm going to 30. Thats an extra 8 planes that they would want committed..... What about virgin? What about other international routes? 2. Also there have been some HUGE issues with pratt and whitney engines and they have RR. These guys are buying planes for $10m and can flog them for 20-30% more? I would be suprised if these guys turn around and sell a couple of planes at a substantial premium..... Who cares if you have a 80% loan agaisnt a $1m house when it goes up 10-15% a year?
The debt to earnings will look unlevered when planes are fully deployed & utilised.
AQZ Price at posting:
$3.33 Sentiment: Buy Disclosure: Held
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