AENGUS KELLY, CEO OF AERCAP, JOINS CNBC’S PHIL LEBEAU ON ‘SQUAWK BOX’
Aengus Kelly joined CNBC’s airline industry reporter, Phil LeBeau, in studio on ‘Squawk Box’. The interview took place ahead of the company’s Capital Market Day event in New York on May 8, 2024. During the interview, they discussed the three announcements made by AerCap including, its first quarterly cash dividend, a new share repurchase authorization program and an order for 150 new CFM LEAP engines valued at approximately $3 billion. They also spoke about the importance of engines in the overall commercial aviation market, as well as the challenges facing Boeing and Airbus and the knock-on impact of the tighter-than-expected supply of new planes on airlines.