CORRECTED-UPDATE 1-AerCap sees tight jetliner market, places big engine order [Yahoo! Finance]
RTX Corporation (RTX)
Company Research
Source: Yahoo! Finance
May 8 (Reuters) - The head of aircraft leasing giant AerCap predicted on Wednesday that tightness in global jet markets would last through the rest of the decade, fuelled by supply chain issues and conservatism on production among engine makers. Demand for air travel has rebounded since the pandemic, while planemakers are struggling to get back to production levels seen before the health crisis badly disrupted markets. "I believe it will take until the end of the decade before the airframers and the supply chain get together and work it out; that will be 2030, I suspect," CEO Aengus Kelly told a company investor conference. He was speaking after the world's largest leasing company gambled on continued bottlenecks in aircraft repair shops by agreeing to buy 150 new spare LEAP engines made by CFM, which powers all Boeing and some Airbus narrow-body jets. The engines will be managed by Shannon Engine Support, a spares joint-venture between AerCap and France's Safran , which co-o
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News
- RTX Co. (NYSE: RTX) had its price target raised by analysts at Wells Fargo & Company from $119.00 to $141.00. They now have an "overweight" rating on the stock.MarketBeat
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RTX
Earnings
- 4/23/24 - Beat
RTX
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 144
- 5/6/24 - Form 4
- RTX's page on the SEC website