Four Stock Plays on Air Travel Abroad

There is always room in a portfolio I manage for something that has a high yield that does not correlate highly to the U.S. stock market.

Last week Babcock and Brown Air(FLY Quote) debuted. This company will take the proceeds from its IPO to buy a fleet of 47 planes that it will lease to airlines all over the world.

The idea is to have leases of varying lengths and terms and then pay sizeable dividends to its share holders. FLY will pay a dividend of $0.50 per quarter, which works out to an 8.7% yield. ...