Bloomberg: "ORIX Aviation Confident of Achieving $2.5b Purchase Target: CEO"

(Bloomberg) — ORIX Aviation CEO James Meyler says the company has a “lot in the pipeline,” making him confident of achieving $2.5b acquisition target next financial year, starting April 1.

Aiming to grow company’s fleet of aircraft to 300-400 from about 233 in March 2019; targeting 320 aircraft by March 2021, Meyler said in interview in Tokyo last week
World aircraft fleet will have to double in next 20 years to meet demand from growing middle class in emerging markets: Meyler
This financial year, ORIX Aviation, a subsidiary of Japan’s ORIX Corp., expects to have acquired $2.1b of aircraft or 33 units, and have sold $2.5b of aircraft or 54 units
In an email on Monday, Meyler said he doesn’t expect the company’s long-term aircraft management plans to be affected by the Ethiopian Airlines 737 Max 8 crash on Sunday
NOTE: ORIX Aviation’s business focuses on aircraft trading, asset management and re-leasing rather than ordering new planes from manufacturers.

Original article appeared on Bloomberg Japan: https://www.bloomberg.co.jp/news/articles/2019-03-12/PNUD6N6K50XS01