Einhorn Bets on AerCap as Leasing Company Avoids Turbulence
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David Einhorn said his Greenlight Capital hedge fund is betting on aircraft-leasing company AerCap Holdings NV, citing the company’s shareholder-friendly management.
Einhorn, speaking at the Grant’s Interest Rate Conference in New York, pointed to share repurchases and a growing fleet of planes. AerCap, which bought American International Group Inc.’s International Lease Finance Corp. last year, will increase earnings per share by about 10 percent a year, he said.