Monday, January 26, 2026
33.3 C
Lagos

‘Trump’s Victory Won’t Affect Aviation Industry’

Ireland-based AerCap, one of the largest aircraft leasing companies in the world, does not expect that Trump’s election will hinder the growth of the civil aviation industry.

“What we know is that over last two 1/2 years, we’ve faced an awful lot of global shocks – Ebola, Zika, the downturn in Brazil, the attempted coup in Turkey, Brexit,” Aercap’s CEO Aengus Kelly told journalists after the company reported third-quarter results.

“So long as a commitment to free trade is preserved, I think economies will grow and this company will grow with it,” Kelly added.

AerCap Holdings (AerCap) has announced its major business transactions during the third quarter 2016. The company has signed lease agreements for 96 aircraft, including 10 wide-body and 86 narrow-body aircraft.

During the third quarter of 2016, AerCap has exercised options to purchase 10 Airbus A320neo Family aircraft with deliveries in 2021, and signed financing transactions for $0.8 billion in the third quarter 2016. Aercap announced its profit in the third quarter being $225.6 million, with a revenue of $1.2 billion.

Donald Trump won the 2016 US presidential elections with 290 electoral votes, against Hillary Clinton’s 228.

spot_img
spot_img
spot_img

Hot this week

First Asset Management Receives Upgraded Ratings from Agusto & Co, DataPro

First Asset Management, a subsidiary of FirstHoldCo Plc has...

SERAP Sues Adelabu, NBET over ‘Failure to Account for Missing N128bn in Power Ministry’

Socio-Economic Rights and Accountability Project (SERAP) has filed a...

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

Nigerian Exchange Group Plc (NGX Group), in partnership with...

NDIC, EFCC Strengthen Collaboration to Enhance Asset Recovery, Prosecution of Bank Failure Offences

L-R: MD, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson...

ONEDOSH Raises $3m Pre-Seed to Build Global Stablecoin Payment Rails

Money should move without borders. It doesn’t, yet. OneDosh has...

Topics

‘9Mobile Has Bleak Future’

A telecom analyst has predicted bleak future for 9Mobile,...

INEC: One Party Fails to Nominate a Single Polling Agent for Anambra Election

REMARKS BY THE HONOURABLE CHAIRMAN, INDEPENDENT NATIONAL ELECTORAL COMMISSION...

Microinsurance: Tool for Insurance Penetration in Africa

The concept of microinsurance to deepen insurance penetration amongst...

RedStar Express Commences Express Grocery Service

Red Star Express Plc, one of Nigeria’s foremost logistics...

NAICOM, Ekiti State to Collaborate on Compulsory Insurances

The National Insurance Commission (NAICOM) has initiated collaboration with...

Sustained Sell-offs Drag Equities Market… ASI Down 56bps

The downward trend in the equities market continued following price...

BNI Nigeria Hosts 2021 National Business Conference on Sept 10

In its mission towards revamping of businesses post Covid19...

CIIN Seeks Partnership with STI on 2nd Edition of Night of Talents

  The Managing Director/CEO of Sovereign Trust Insurance Plc (C),...
spot_img

Related Articles

Popular Categories

spot_imgspot_img