Aircraft lessor AerCap pushes back deliveries of 37 aircraft

Aircraft leasing giant AerCap Holdings on Tuesday pushed back deliveries of 37 aircraft to 2023 and beyond as it looks to boost liquidity and lower capital spending. The world’s largest aircraft leasing company, which had previously forecast the deliveries to be between 2021 and 2022, said the rescheduling would help reduce its cash capital expenditures in 2020 and 2021 by a total of about $4.7b. “We expect our cash capital expenditures during these years to decrease further as we continue our discussions with the aircraft manufacturers and our customers. All of the aircraft delivering in 2020 and 2021 have already been placed on long-term leases,” the company said.<br/>