Aircraft
AerCap Boss Calls on OEMs, Lessors To Keep Buoying Airlines
AerCap CEO Aengus Kelly expects that aircraft leasing companies will have to do “some more heavy lifting" to help airlines as they recover from Covid-19.

The chief executive of AerCap believes the relationship between aircraft leasing companies and airlines has changed over the past 18 months, leading to more long-term arrangements such as lessors entering into airline shareholdings or holding unsecured claims. Airlines have encountered the worst crisis they have ever hit and the major lessors maintained enough financial strength to provide “huge amounts” of support, AerCap CEO Aengus Kelly said, speaking in a panel discussion at the International Air Transport Association (IATA) annual general meeting and world air transport summit in Boston on Tuesday. “We were at the operating table when airlines were coming back from the battlefield. We were giving blood infusions all the time,” he said.


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