AerCap (AER +0.2%) doesn't believe the result of the U.S. presidential election will disrupt growth for the aviation industry given the resilience of travel demand.
"What we do 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," CEO Aengus Kelly told journalists after reporting Q3 results.
AerCap is seeing "a significant uptick in demand" for used aircraft as airlines seek to make better use of their capital and improve shareholder returns.
AerCap Holdings (NYSE:AER) has voiced concern that a delay in delivery of some Pratt & Whitney engines could ripple out and affect its ability to receive a new Airbus jetliner due in the next few days.
The comments by CEO Aengus Kelly come after Bombardier raised concerns about its own delivery schedule.
AerCap has ordered roughly 100 A320neo-family planes equipped with Pratt GTFs along with a similar number powered by a rival engine.
AerCap Holdings (NYSE:AER) completed the closing of a new $0.7B secured credit facility maturing in 2022. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through 2017.
Paul Rofe, Group Treasurer of AerCap, said, “We are very pleased with the successful closing of this transaction, which will contribute to the funding of deliveries through 2017. The transaction also allows us to welcome new lenders to the AerCap group together with our existing banking partners.”