Airlines Confidential Podcast 284 - Guest Co-Host Doug Parker; Guest: Aengus Kelly, Exec. Director & CEO, AerCap Holdings
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Apr 23, 2025 Doug Parker, former chairman and CEO of American Airlines, joins Aengus Kelly, CEO of AerCap Holdings, to discuss the intricate world of aviation. They dive into United's promising earnings amidst economic uncertainties and the leadership changes at Spirit Airlines, hinting at potential mergers. Kelly shares insights on aircraft leasing dynamics and the impact of tariffs on the industry, while Parker highlights American's strategy for offering free Wi-Fi to enhance customer loyalty. Their candid reflections shine a light on a constantly evolving sector.
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Kelly's Aviation Origin Story
- Aengus Kelly got interested in aviation after seeing Tony Ryan on TV in Ireland during the 1980s.
- He started his career at GPA, an aircraft leasing company, which set him on his lifelong path in aviation.
Tariffs Chill Aviation Supply Chains
- Tariffs and trade wars slow down aviation supply chains due to cost and uncertainty.
- Airlines delay maintenance and spare parts to avoid costly tariffs, disrupting operations and stressing suppliers.
Tariffs Threaten Boeing's Viability
- If US tariffs persist on Airbus, US airlines will gradually exit Airbus fleets due to cost.
- Boeing will lose global competitiveness without Europe and China, forcing it to offshore production or decline.