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  "documentTitle": "AerCap Holdings (AER)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2015-04-07 00:00:00",
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      "text": "AerCap focuses its portfolio on the most widely used current-generation aircraft, especially narrow-bodies. While these aircraft provide lower up-front rental yields, they have held their value better over time and through cycles.",
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      "text": "Management has a good track record of showing discipline. The company did not overpay for new aircraft in the lead-up to the crisis, and it routinely sells older aircraft, which are more sensitive to cyclical downturns and technological obsolescence.",
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      "text": "Source: AER filings, Greenlight calculations derived from issuer filings, and Greenlight estimates.",
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