Aircastle CEO: Lower Oil Boosting Demand, Higher Rates Won't Hurt

Aircastle shares have underperformed the airline index this year because the airplane leasing company trades more like a stable financial company than a volatile airline, said Ron Wainshal, CEO of Aircastle. Wainshal added that low oil prices are benefiting Aircastle because the airlines are now profitable and are seeking to add to their fleets. He said Aircastle looks for value when it is buying aircraft and will purchase from either Boeing or Airbus. Wainshal said the company is hedged so it will not be hurt if rates rise in 2015. Finally, he said the company raised its dividend 10% in Q3 and will raise it again in 2015 if the company continues to grow.