The world’s largest aircraft leasing company says Boeing will bounce back from its current certification troubles.
Speaking at the Airline Economics conference in Dublin AerCap CEO Aengus Kelly defended Boeing saying the company will “bounce back” from its industrial and certification problems, according to Reuters.
It’s stock has plunged 40 per cent during the past year reports website Seeking Alpha.
SEE the podcast: Flight Safety Detectives dissect the Netflix doco “Downfall”.
READ: Can the giant AN-225 fly again?
READ: More serious questions raised about the ATSB’s MH370 data review
“Clearly Boeing has got its own issues, but it is a tremendous company that’s helped build the world for the last 100 years and I would never write them off, they still build great airplanes,” Kelly said.
He added that Boeing’s 737 MAX, was attracting robust demand.
AerCap is the world’s largest leasing company with over 1700 aircraft.
It acquired leasing giants ILFC in 2014 and GECAS in 2012. General Electric, which owned GECAS has a 45.4 per cent stake in AerCap which traces its roots back to Guinness Peat Aviation founded by Tony Ryan in 1975.
Mr Ryan who died in 2007, was the founder of Ryanair.
About AirlineRatings.com
Airlineratings.com was developed to provide everyone in the world a one-stop shop for everything related to airlines, formed by a team of aviation editors, who have forensically researched nearly every airline in the world.
Our rating system is rated from one to seven stars on safety – with seven being the highest ranking. Within each airline, you will find the country of origin, airline code, booking URL and seat map information. The rating system takes into account a number of different factors related to audits from aviation’s governing bodies, lead associations, as well as the airlines, own safety data. Every airline has a safety rating breakdown so you can see exactly how they rate.
Over 230 of the airlines on the site that carry 99 per cent of the world’s passengers have a product rating. Given that low cost, regional and full-service carriers are so different we have constructed a different rating system for each which can be found within each airline.
