UCD Business Impact S1 Ep15: Aengus Kelly - Flight Disruption
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Jul 6, 2020 Aengus Kelly, CEO of AerCap and UCD Business alumnus, dives into the intricacies of aviation's challenges and opportunities. He shares insights on navigating crisis management, especially during the COVID-19 pandemic. Kelly reflects on his early inspirations and the importance of ambition in shaping his career. The discussion also touches on climate change's impact on the industry and the vital role of Foreign Direct Investment in Ireland's economic landscape. His vision for AerCap highlights the importance of adaptability and strategic planning for future growth.
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Inspiration from Tony Ryan
- Aengus Kelly was inspired to join the aviation sector after hearing Tony Ryan, the founder of GPA, on The Late Late Show as a teenager.
- The ambitious spirit at GPA during its hard times in Shannon deeply influenced his career and outlook.
Liquidity as Crisis Insurance
- AirCap always prepares for crises by maintaining $10 billion liquidity, covering 18 months of obligations.
- This 'insurance policy' helps them survive tough times without short-term profit sacrifices.
Flexible Leasing and Recovery
- Airlines struggle with fixed costs during crises and require flexible leasing arrangements supported by governments.
- Passenger demand recovers quickly once restrictions ease, showing strong consumer desire to travel.