Boeing will bounce back says world’s largest leasing company

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May 10, 2022
Boeing
Photo: Boeing

The world’s largest aircraft leasing company says Boeing will bounce back from its current certification troubles.

Speaking at the Airline Economics conference in Dublin AerCap CEO Aengus Kelly defended Boeing saying the company will “bounce back” from its industrial and certification problems, according to Reuters.

It’s stock has plunged 40 per cent during the past year reports website Seeking Alpha.

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“Clearly Boeing has got its own issues, but it is a tremendous company that’s helped build the world for the last 100 years and I would never write them off, they still build great airplanes,” Kelly said.

He added that Boeing’s 737 MAX, was attracting robust demand.

AerCap is the world’s largest leasing company with over 1700 aircraft.

It acquired leasing giants ILFC in 2014 and GECAS in 2012. General Electric, which owned GECAS has a 45.4 per cent stake in AerCap which traces its roots back to Guinness Peat Aviation founded by Tony Ryan in 1975.

Mr Ryan who died in 2007, was the founder of Ryanair.

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