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Avolon says jet lease fees to rise on higher interest rates

Reuters
Illustration shows Avolon logo

DUBLIN (Reuters) - The head of the world's second-largest aircraft leasing company warned airlines on Thursday of higher lease rates and declared "the game is up" on below-cost financing as interest rates rise.

"Lessors have been unbelievably accommodating during the crisis out of necessity (and) we now need to recover our P&Ls," Avolon Chief Executive Domhnal Slattery told the Airfinance Journal conference in Dublin.

(Reporting by Tim Hepher; Editing by Conor Humphries)