RPT-UPDATE 1-Aircraft lessor Avolon eyeing No. 1 slot on acquisitions, organic growth - CEO [Reuters (UK)]
AerCap Holdings N.V. Ordinary Shares (AER)
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Source: Reuters
RPT-UPDATE 1-Aircraft lessor Avolon eyeing No. 1 slot on acquisitions, organic growth - CEO | Reuters Reuters Staff 3 Min Read (Repeats to widen distribution) * Industry outlook positive for several years - CEO * Acquisitions likely in next downcycle * Flood of Asian capital into leasing By Anshuman Daga HONG KONG, Nov 1 (Reuters) - Chinese-owned 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 can only achieve that sort of scale by further M&A, which means that we’ll be opportunistically waiting for the moment. My feeling though is that moment to pounce will only com
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