What Happened
Aircraft Lessor Expects Increased Sale Leaseback Deals
AerCap, the world’s largest aircraft leasing company, has stated that prolonged high oil prices could bring opportunities for growth, particularly through increased sale/leaseback deals. The company’s CEO, Aengus Kelly, noted that while higher fuel prices have had little impact on the sector so far, a prolonged spike could pressure airlines’ profitability and balance sheets. AerCap’s Q1 earnings exceeded expectations, and the company has raised its full-year outlook. This development was reported by Reuters.