IAG to balance owned/leased portfolio

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By admin April 14, 2016 20:28

IAG to balance owned/leased portfolio

In a recent speech, IAG chief executive Willie Walsh has revealed that the company has taken the decision to better balance the aircraft portfolio of British Airways and Aer Lingus to move to a 50/50 split between leased and owned aircraft. Currently, Walsh stated that IAG owns 70% of its aircraft, which is a significant change from the global fleet, which is 42% leased.
“Over the next five to seven years, we expect to move the number of aircraft that are leased in our portfolio to about 50% of the total aircraft in the group. What that represents is better capital use, and allocation and more flexibility in the airline and in the group,” he said.

admin
By admin April 14, 2016 20:28