Aircastle Flying Higher (AYR)

With the resurgence of the aircraft leasing business coming back from the dead, you may want to take a look at shares of Aircastle AYR. Aircastle Limited, through its subsidiaries, engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide. At the 2010 Farnborough International Airshow‎, you have seen a return of GE's aircraft leasing business and Royal Bank of Scotland's RBS leasing division make a return as aircraft carriers are showing strong appetite for purchasing new planes. AYR has a market cap of less than $700 million and a strong 4.7% dividend. If you believe aircraft leasing is back for good, AYR might be worth a look at these prices. Disclosure: No position in AYR