((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
The head of AerCap AER.N , the world’s largest aircraft leasing company, said it would exercise caution in a booming aircraft and asset market and would prefer to buy its own shares .
AerCap won’t overpay for jets, Chief Executive Aengus Kelly told an investors forum, adding: “I’m the most reluctant to buy jets: “I’m the world’s most reluctant aircraft buyer.
Asked whether AerCap would continue to grow through acquisitions, after some $62 billion in deals since 2005, Mr. Kelly said: “We always look at M&A, of course, but for Right now, we think the cheapest assets we can buy are our own shares.”