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Aircraft lessors buckle up for continued turbulence as players consolidate, struggle to scale up

World’s No 2 lessor sees further M&A amid acute undersupply of planes in Asia in next two to three years

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Tay Peck Gek

Tay Peck Gek

Published Thu, Nov 14, 2024 · 01:47 PM
    • While carriers would require a significant number of aircraft, Boeing and Airbus have shown how difficult it is for them to increase production, says Avolon chief executive Cronin.
    • While carriers would require a significant number of aircraft, Boeing and Airbus have shown how difficult it is for them to increase production, says Avolon chief executive Cronin. PHOTO: AFP

    THE benefits of scale and the impact of consolidation will continue to shape the aircraft leasing industry over the coming decade, said Andy Cronin, chief executive of Avolon, the world’s second-largest aircraft lessor.

    He said the benefits of scale are significant, particularly where the plane manufacturers are sold out for such a long time in advance.

    Cronin was in Singapore to attend the Airline Economics Singapore conference last week, and spoke to The Business Times in a wide-ranging interview.

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