LeoPatrizi In August, I covered Air Lease Corporation (AL) common stock and attached a buy rating to the name with 25% upside. Since then, the stock has appreciated by nearly 17%. However, Air Lease Corporation also has redeemable preferred stock (NYSE:AL.PR.A) and in this report, I will discuss whether there is any appeal to the fixed-floating rate preferred stock. What Is Fixed-Floating Rate Preferred Stock? Before we go into the details of the 6.15% Fixed-to-Floating Non-Cumulative Perpetual Preferre ...