AerCap expects further consolidation in air leasing sector

AerCap expects further consolidation in the global aircraft leasing sector after its takeover of General Electric’s leasing business, a senior executive said on Monday. The combination of the world’s two largest aircraft leasing companies, which will rank as the largest buyer of airliners built by Airbus and Boeing, is due to be completed by the end of the year. Asked if he expected further consolidation in the industry, which helps finance $150 billion of aircraft every year, Chief Commercial Officer Peter Anderson said: “I do ... and frankly it would be welcome. There is enough room in this industry for several large players.” “We welcome some discipline, rational competition in the market,” he added, speaking to the Airline Economics conference in London. “There are some great platforms out there. Who buys who is a completely different question which I don’t know the answer to.”<br/>