Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

AerCap CEO warns against panic discounts for Boeing 737 MAX jets

Published 2020-01-20, 11:31 a/m
Updated 2020-01-20, 11:31 a/m
© Reuters. Aengus Kelly, CEO and Executive Director of AerCap, speaks at the 2016 International Air Transport Association Annual General Meeting and World Air Transport Summit in Dublin

DUBLIN (Reuters) - Owners of Boeing's (N:BA) grounded 737 MAX jet must keep cool heads and avoid offering panic discounts on sale or lease prices to avoid undermining its long-term value, the head of one of the world's largest aircraft lessors Aercap (N:AER) said on Monday.

"Discipline and keeping a cool head is vital because if people panic and lease the airplane or sell the airplane at knock-down rates for an extended period of time, it will be harder for the residual value of that asset to recover," Aercap's (N:AER) Aengus Kelly told the Airline Economics aviation finance conference in Dublin.

Aercap has 100 Boeing 737 MAX jets on order.

"The brand is not in a great place right now and what we need to do is recover that brand operationally and then ... be absolutely disciplined when it comes to placing the aircraft," Kelly said.

(This story has been refiled to fix typographical error in headline)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.