
Aercap Holdings NV
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AerCap Holdings N.V. Announces Third Quarter 2011 Transactions
IndustrialsIndustrial Goods & ServicesIndustrial Transportation
Economy, Business And Finance
Company Information
Amsterdam, The Netherlands; October 13, 2011 - AerCap Holdings N.V. ("AerCap,"
"the Company", NYSE: AER) today announced the completion of the following
transactions during the third quarter 2011:
* Signed new lease agreements for five aircraft,
* Delivered nine aircraft under lease agreements,
* Purchased four aircraft, and
* Sold six aircraft, and signed contracts for the sale of one aircraft from
our managed portfolio.
The above excludes transactions completed by AerCap's wholly-owned subsidiary
AeroTurbine, which was sold to International Lease Finance Corporation (ILFC) on
October 7, 2011.
+----------------------------+-------------------+-------------------+
|Transaction Overview |Third Quarter 2011*|Year to Date 2011* |
| | | |
| | | | | |
| |Owned|Managed|Total|Owned Managed Total|
| | | | | |
|Lease Agreements | | | | |
| | | | | |
|Aircraft (Contracts) | 5 | - | 5 | 18 1 19 |
| | | | | |
|Aircraft (Letters of Intent)| 5 | - | 5 | 5 - 5 |
| | | | | |
|Deliveries | | | | |
| | | | | |
|Aircraft | 9 | - | 9 | 26 1 27 |
| | | | | |
|Engines | - | - | - | 2 - 2 |
| | | | | |
|Purchases | | | | |
| | | | | |
|Aircraft (Closed) | 4 | - | 4 | 11 - 11 |
| | | | | |
|Aircraft (Contract Signed, | - | - | - | 2 - 2 |
|to be Delivered) | | | | |
| | | | | |
|Sales | | | | |
| | | | | |
|Aircraft (Closed) | 6 | - | 6 | 9 2 11 |
| | | | | |
|Aircraft (Contract Signed, | - | 1 | 1 | - 5 5 |
|to be Delivered) | | | | |
+----------------------------+-----+-------+-----+-------------------+
*excludes transactions completed by AeroTurbine
Lease Activities: Contracts Signed for Five Aircraft - Nine Aircraft Delivered
New Lease Agreements
AerCap signed five new lease agreements for aircraft in the third quarter 2011:
* Two new Boeing 737-800s for American Airlines (United States),
* Two new Boeing 737-800s for Garuda (Indonesia), and
* One Airbus A320 for Fly Aruba (Aruba).
The average term of lease agreements for new aircraft signed year-to-date during
2011 was 150 months. The average term of lease agreements for used aircraft
signed year-to-date during 2011 was 80 months (including letters of intent).
Deliveries
AerCap completed nine aircraft deliveries in the third quarter under contracted
lease agreements:
* One new Airbus A330 for Virgin Atlantic Airways (United Kingdom),
* One new Airbus A330 for Sichuan Airlines (China),
* Two new Boeing 737-800s for American Airlines (United States),
* One Airbus A319 for Aircompany Tatarstan (Russia),
* One Airbus A320 for Garuda (Indonesia),
* One Airbus A320 for Interjet (Mexico),
* One Airbus A320 for Fly Aruba (Aruba), and
* One Airbus A319 for Avianca (Colombia).
Purchase Activities: Purchases Closed for Four Aircraft
During the third quarter, AerCap acquired two new Airbus A330s under existing
commitments with Airbus and entered into a purchase-leaseback arrangement with
American Airlines to finance up to thirty-five Boeing 737-800 aircraft, two of
which were acquired during the third quarter.
Sales Activities: Six Aircraft Sold - Agreement for One Aircraft Executed
During the third quarter, AerCap closed sales transactions for three Airbus
A320s, one Airbus A330, one Boeing 737-300, and one Boeing 757-200.
In addition to the completed sale transactions, AerCap executed an agreement for
the sale of one Boeing 757-200 from its managed portfolio.
Debt Facilities: Total of $1.1 Billion Completed Year-To-Date
In the third quarter, AerCap closed four different facilities totaling
approximately $0.2 billion. These facilities provided long term financing for
three aircraft, and a Pre-Delivery-Payment facility covering a further four
aircraft delivering in 2012 and 2013.
Portfolio Summary
As of September 30, 2011, AerCap's portfolio consisted of 359 aircraft and 8
engines that were either owned, on order, under contract or letter of intent, or
managed.
The transaction information above excludes transactions completed by AeroTurbine
during the third quarter and year to date, the portfolio information excludes
all engines and aircraft owned by AeroTurbine at September 30, 2011.
About AerCap
AerCap is the world's leading independent aircraft leasing company. AerCap is
headquartered in The Netherlands and has offices in Ireland, the United States,
China, Singapore, the United Arab Emirates and the United Kingdom.
--------------------------------------------------------------------------------
This press release may contain forward-looking statements that involve risks and
uncertainties. In most cases, you can identify forward-looking statements by
terminology such as "may", "should", "expects", "plans", "anticipates",
"believes", "estimates", "predicts", "potential" or "continue" or the negative
of such terms or similar terminology. Such forward-looking statements are not
guarantees of future performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially from those in the
forward-looking statements.
For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +31 20 655 9658
foberdieck@aercap.com pwortel@aercap.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aercap Holdings NV via Thomson Reuters ONE
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