BOEING NEEDS TO RELEASE MORE 737 UPGRADE DETAILS AS PRESSURE BUILDS

As the global stock markets begin to move downward to finally reflect economic reality, we have to note the pounding that US airlines have taken over the past 24 hours (US finance below). This is all a bit of a joke, as just as airline stocks are offloaded oil is falling rapidly, a bounce for many airline stocks is now inevitable as value shows. On the other hand FLY Leasing remains undervalued and its share price remains under the actual book value. Set against the background of Air Lease and its oversubscribed IPO and inflated price we have to wonder