Business Person of the Month March 2023: Aengus Kelly leads AerCap to record quarter results

Business Person of the Month | Fri 31 Mar | Author – Business & Finance

AerCap is a Dublin-headquartered Irish aviation leasing company with bases around the world. AerCap CEO, Aengus Kelly, is our Business Person of the Month March 2023, in association with KPMG.

Business Person of the Month

The Business Person of the Month Award, in association with KPMG, recognises outstanding leaders in Irish business. It especially acknowledges those who have made significant contributions to the business community of Ireland.

Recipients of the award are automatically put forward as candidates for the prestigious Business Person of the Year Award at the annual Business & Finance Awards.

See here for more information on the 2023 Business & Finance Awards. To get involved, please contact

Aengus Kelly

Aengus Kelly is the CEO of Aercap and previously received the Business Person of The Month Award in March 2021. He was appointed Executive Director and Chief Executive Officer of AerCap in May 2011.

He previously served as Chief Executive Officer of AerCap’s US operations from January 2008 to May 2011. Kelly served as AerCap’s Group Treasurer from 2005 through December, 2007.

He started his career in the aviation leasing and financing business with Guinness Peat Aviation (GPA) in 1998 and continued working with its successors AerFi in Ireland and Debis AirFinance and AerCap in Amsterdam. Prior to joining GPA in 1998, he spent three years with KPMG in Dublin.

Kelly is a Chartered Accountant and holds a Bachelor’s degree in Commerce and a Master’s degree in Accounting from University College, Dublin.

AerCap reports record quarter financials

AerCap reported strong financials for the fourth quarter of 2022 earlier this month. This came at a difficult period for the sector due to the Russian war in Ukraine. However, increased post lockdown travel demand has buoyed the indsutry.

Net income for the fourth quarter of 2022 at AerCap was €455 million, or €1.88 per share. Net loss for the full year 2022 was €668 million, or €2.78 per share.

Adjusted net income for the fourth quarter of 2022 was €593 million, or €2.45 per share. Adjusted net income for the full year 2022 was €2 billion, or €8.29 per share. The Aviation company also had a share repurchase programme authorised worth over €460 million.

“We are pleased to report a record quarter of results for AerCap,” said CEO Aengus Kelly. “Air travel demand continues to improve as more countries reopen their borders.”

“The strong performance across all of our business lines reflects how well our teams are working together to deliver an extraordinary number of transactions, and clearly demonstrates the success of the GECAS acquisition, the successful integration of the two companies and the recovery in aviation.”

“Broad-based demand, in tandem with a curtailed supply environment, is helping to drive lease rates higher across aircraft, engines and helicopters,” he concluded.

AerCap is the world’s largest aircraft leasing firm and boasts a portfolio of 3,532 aircraft, engines and helicopters.

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Business & Finance, Business Person of the Month

Business Person the MonthBusiness & Finance, in association with KPMG, rewards excellence in business through the ‘Business Person of the Month’ award. This award seeks to recognise noteworthy achievements in business leadership, and, particularly, those that make a telling contribution to the wider business community in Ireland.