Christine Chi's questions to AerCap Holdings NV (AER) leadership • Q1 2025
Question
Christine Chi from Morgan Stanley asked if lessors like AerCap could play a role in helping countries balance trade deficits by facilitating aircraft purchases. She also requested more detail on the Shannon Engine Support (SES) joint venture, its operational model, economics, and potential scale.
Answer
CEO Aengus Kelly affirmed that lessors could be very helpful in addressing trade imbalances, as they can provide aircraft much sooner than the OEMs, whose order books are full until around 2030. Regarding SES, he described it as an integral part of the OEM aftersales service, managing a global pool of spare engines to support airline customers. He highlighted the significant logistical infrastructure required, noting over 1,200 engine movements last year, which underscores its operational importance to AerCap.