Irish-based plane lessor AerCap sees earnings rebound   

Lease rents were hit by the loss of revenue from Russian aircraft but rising demand pushed AerCap's revenues up 36% to $1.67bn

Aengus Kelly, chief executive at AerCap, said the leasing environment was favourable right now due to strong demand and supply constraints. File picture

A strengthening rebound in air travel “across all major regions” boosted second-quarter revenue at AerCap, as the world’s top aircraft lessor predicted that supply chain issues for plane makers would support leasing demand for years to come.

Ireland-based AerCap, in which General Electric has a large stake, said lease rents were negatively impacted by the loss of revenue from Russian aircraft in the quarter but that recovery in passenger demand led to higher overall levels of cash collection and greater utilisation of its fleet.