AerCap Leased, Purchased and Sold 53 Aircraft in the First Quarter 2020
DUBLIN, April 7, 2020
DUBLIN, April 7, 2020 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the first quarter 2020:
- Signed lease agreements for 28 aircraft, including 10 widebody aircraft and 18 narrowbody aircraft.
- Purchased 7 aircraft, including 5 Airbus A320neo Family aircraft, 1 Boeing 787-9 and 1 Embraer E2.
- Executed sale transactions for 18 aircraft, including 5 Airbus A320 Family aircraft, 6 Boeing 737NGs and 1 Boeing 747 from AerCap's owned portfolio and 1 Airbus A320 Family aircraft, 2 Airbus A330s, 2 Boeing B777-200ERs and 1 Boeing B777-300ER from AerCap's managed portfolio. We continue to manage 5 aircraft that were sold from our owned portfolio during the quarter.
- Signed financing transactions for approximately $350 million.
AerCap is the global leader in aircraft leasing with, as of March 31, 2020, 1,372 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE AerCap Holdings N.V.