AerCap Celebrates the Delivery of its 50th 737-800 Boeing Converted Freighter

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01/31/2023 - 07:00 AM

DUBLIN, Jan. 31, 2023 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) has announced it has taken delivery of its 50^th 737-800 Boeing Converted Freighter (BCF). The aircraft conversion was completed at COOPESA, a leading MRO provider with expertise in aircraft modifications and conversions. The aircraft was redelivered to GOL Linhas Aéreas, who will operate the aircraft on behalf of a Latin-American e-commerce company, as part of the growth strategy and logistics solution of GOLLOG, Gol's logistics business unit.

In 2016, AerCap Cargo was the launch customer of the Boeing 737-800BCF and took delivery of its first aircraft in April 2018.

"We are delighted to celebrate this milestone delivery with our partners at Boeing and our longstanding customer, GOL. Since the program launched in 2016, we have seen unprecedented demand for express air cargo from e-commerce retail businesses," said Rich Greener, the Head of AerCap Cargo. "Today, the 737-800BCF is one of the most in-demand narrowbody freighter aircraft in the industry, thanks to its versatility and reliability, making it the perfect choice for express air cargo and e-commerce networks."

"We thank AerCap Cargo for their early confidence in the 737-800BCF, and congratulate them on this milestone," said Kate Schaefer, vice president of Boeing's Commercial Modifications, Engineering & Specialty Products business. "The BCF team has navigated global challenges during the past few years and truly pulled together to deliver this 50^th 737-800BCF for AerCap. It is a testament to the ongoing commitment to our customers' success."

AerCap Cargo has more than 25 years' experience in freighter leasing including Passenger-to-Freighter (P2F) conversions, with more than 100 successful conversions. AerCap Cargo 737-800BCF customers include West Atlantic Group, Amazon Air, GOL, JD.com, Kargo Xpress, ASL and Longhao Airlines.

About AerCap

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.

Forward-Looking Statements

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," "will," "aim," "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, including the impacts of, and associated responses to: the Ukraine Conflict, the Covid-19 pandemic, our ability to successfully integrate GECAS' operations and employees and realize anticipated synergies and cost savings; and the potential impact of the consummation of the GECAS transaction on relationships, including with employees, suppliers, customers and competitors, 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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