Thursday October 29, 2020

China not slowing says AerCap chief after stock tumble

Aengus Kelly said 100m people fly for first time annual in Asia

19th January, 2016
Share's in Aengus Kelly's company, AerCap, which the worlds No. 1 lessor by asset value, fell as low as $37 in 2015 Pic: Rollingnews.ie

Chinese demand for jets is solid and will increase further even as financial markets stutter and the economy slows, AerCap Holdings said after shares of the biggest aircraft lessor fell the most since 2011.

Mirroring past experience in emerging nations, demand for flights in China is outpacing the wider economy as a growing middle class embraces travel, AerCap chief executive officer Aengus Kelly said in an interview in Dublin.

“People say China’s slowing dramatically,” Kelly said...

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