Kishore Korde on business model
From Flightpath with Alok | Kishore Korde - Air Lease Corporation · · Acumen Aviation
“Our model is focused on new airplanes with the latest technology and most fuel-efficient aircraft; we have an order book today of close to about 400 aircraft, which gives us a strategic advantage as launch customers for new aircraft types.”
On , Kishore Korde, Executive Vice President of Marketing at AIR LEASE CORP, spoke about business model during Flightpath with Alok | Kishore Korde - Air Lease Corporation on Acumen Aviation.
About Kishore Korde
Kishore Korde, Executive Vice President of Marketing at Air Lease Corporation (ALC), appeared on the podcast "Flightpath with Alok" in September 2023 and September 2024. In these appearances, Korde discussed the state of aircraft leasing, stating that leasing now contributes to about 50% of the global airline fleet, up from around 40% pre-COVID. He described ALC's model as focused on new, fuel-efficient aircraft, noting the company has an order book of close to 400 aircraft. Korde said that in good times, airlines need ALC's order book, and in bad times, they need its balance sheet, and that the company builds a "fortress balance sheet" with diversified funding sources. Korde said that India is viewed positively by the leasing community, particularly after large orders from airlines such as Air India, but added that the proof will be in how airlines perform under their leases and how regulatory frameworks are enacted. He stated that investors seek assurance of policy continuity and that India needs to move from a mistrust-based system to a trust-based one. Korde also advised young professionals to love what they do and not be afraid to take chances, and noted that the pandemic reinforced the need for newer, more fuel-efficient airplanes as airlines retired older fleets.