AerCap ready to take advantage of ‘structural shift’ in aviation
The world’s biggest aircraft leasing company believes carriers is more likely to lease planes as they slim down after the pandemic
AerCap, the giant Irish aircraft leasing company, is set to take advantage of a “structural shift” in aviation in the aftermath of the pandemic, according to Peter Juhas, its chief financial officer.
AerCap, the largest firm of its kind in the world, last week announced it was acquiring GECAS, the aircraft leasing arm of General Electric, in a deal worth more than $30 billion (€25 billion) in cash and shares.
As well as making...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Grounded: Irish aviation hits hard times as Covid travel uncertainty persists
With pilots out of work, Aer Lingus ‘burning cash’ and Ryanair establishing new bases outside Ireland, Irish airlines are desperately seeking a detailed timeline to a full reopening
Irish airlines warn job cuts and route closures are coming without plan for summer restart
Ryanair says it may have to deploy aircraft elsewhere in Europe as Aer Lingus warns it could need state support to plug financial hole
Pay cuts, job losses or both needed at Aer Lingus, says chief executive
Lynne Embleton says restructuring is necessary to ensure the short-term survival of the airline
Airport boss says state must act urgently to mitigate damage dealt by Covid
DAA chief executive Dalton Philips said the government must support the restarting of air travel and an exit from mandatory hotel quarantine