‘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.

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

Polaris Bank Named Nigeria’s Best Bank in MSME Lending

Polaris Bank, a leading retail commercial bank, has emerged...

Stanbic IBTC Supports Akwa Ibom State in Combating Covid-19

As the need arises for the establishment of additional...

Stanbic IBTC to Groom Future Business Leaders Through YLS

  Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

Ford Drivers to Get Traffic App, Waze, from April 2018

Ford yesterday announced, at Mobile World Congress, in Barcelona,...

Wapic Insurance Unveils Innovative Travel Insurance Policy

Wapic Insurance Plc has unveiled an innovative travel insurance...

PNC 2024 Ends as NCDMB Commits to Deeper Community, Industry Engagements

The Executive Secretary, Nigerian Content Development and Monitoring Board...

INEC Publishes Notice of Anambra State Governorship Election Nov 6

The Independent National Electoral Commission (INEC) held its regular...