DUBLIN, April 29 (Reuters) – Higher fuel prices for between three and six months would pressure the airline industry, but could bring benefits for aircraft lessors, the world’s largest aircraft leasing company, AerCap said on Wednesday.
Prolonged high fuel prices could contribute to an acceleration in the retirement of older technology aircraft, Chief executive Aengus Kelly told analysts in a conference call following the release of first quarter results.
“In particular, it is likely that we’d see increased sale lease back opportunities as airlines look to fund growth while preserving cash and prioritising liquidity,” Kelly said.
(Writing by Padraic Halpin; Editing by Conor Humphries)
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