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Stock impact report

Aircraft lessor Avolon eyeing No. 1 slot on acquisitions, organic growth - CEO [Reuters]

AerCap Holdings N.V. Ordinary Shares (AER) 
Last aercap holdings n.v. ordinary shares earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.aercap.com/investor-overview
Company Research Source: Reuters
Aircraft lessor Avolon eyeing No. 1 slot on acquisitions, organic growth - CEO | Reuters Reuters Staff 2 Min Read HONG KONG, Nov 1 (Reuters) - Avolon, the world’s third-biggest aircraft lessor, wants to double in size through a mix of organic growth and acquisitions at a time when the industry outlook looks positive for several years, the company’s CEO said on Wednesday. “Avolon’s strategic objective is to become No. 1 in the world in as short time as possible really,” Avolon Chief Executive Domhnal Slattery said, but topping GE Capital Aviation Services and AerCap Holdings would require doubling in size. “We’ll be opportunistically waiting for the moment (for acquisitions). My feeling though is that moment to pounce will only come in scale at the next downcycle,” Slattery told Reuters on the sidelines of Euromoney’s Asia Pacific Airfinance Conference. “So between now and then, Avolon will grow organically, which is in the region of $4 billion to $5 billion per year.” The aircraft les Show less Read more
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