UPDATE 1-Saudi PIF-backed Avilease expects to slow growth this year, CEO says

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Jun 17, 2007
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Fast growing aircraft lessor AviLease expects to slow its rate of growth this year and take a cautious approach to acquisitions following last year's $3.6 billion deal with Standard Chartered, its chief executive said on Wednesday. AviLease Chief Executive Ted O'Byrne said on Wednesday that the deal accelerated by two years its ambitions to become a top-10 global lessor by 2030. O'Byrne said he also sees a long-term deal with a planemaker to buy new aircraft as an "essential" part of its strategy but would take its time doing so.
 
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