New air finance kingpin promises cautious style
But AerCap will not shy away from large deals: Aengus Kelly
[DUBLIN] When he takes a top seat in the US$200 billion aviation finance world later this year, Irish accountant Aengus Kelly will bring a new caution to an industry long known for risk-taking and marketing swagger.
After steering his underdog firm AerCap through the financial crisis unscathed, he engineered the most audacious deal in the sector for two decades with the takeover of struggling industry pioneer ILFC, quadrupling its fleet.
Last month's provisional deal propels AerCap to be the world's second-largest lessor behind General Electric's GECAS and has spurred talk of consolidation in the tier below.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger