11 Best Industrial Stocks to Buy Right Now

3. AerCap Holdings N.V. (NYSE:AER)

Year to Date Return as of June 20: 19.23%

Number of Hedge Fund Holders: 64

AerCap Holdings N.V. (NYSE:AER) is one of the 11 best industrial stocks to buy right now. On June 17, the company announced it has entered into exclusive negotiations with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M).

The two are in discussions about forming a joint venture to lease LEAP engines. The initiative seeks to support AFI KLM E&M’s LEAP premier MRO customers by ensuring operational continuity for Airbus A320neo and Boeing 737 MAX operators.

Under the proposed joint venture, both companies will own and manage a pool of LEAP-1A and LEAP-1B spare engines. The engines will come in handy to ensure uninterrupted operations for airlines whose aircraft engines are undergoing quick-turn or performance restoration.

The joint venture builds on a strong relationship between AerCap and AFI KLM in the field of lease engine support. It also builds on core strengths such as AerCap’s expertise in aircraft and engine leasing and asset management and AFI KLM experience as an airline-affiliated MRO.

AerCap Holdings N.V. (NYSE:AER) is a global aircraft leasing company engaged in the leasing, financing, sale, and management of commercial aircraft and engines. It operates through a single segment—Commercial Flight Equipment—and also offers engine leasing, aircraft parts, and asset management services. Its operations span the UK, U.S., and other international markets.