AerCap Delivers New A321NEO-LR to Air Transat

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) announced the delivery of a new Airbus A321LR on operating lease to Air Transat. As the world's largest lessor of the Airbus A320neo Family, AerCap continues to enhance its fleet, boasting 325 aircraft owned or on order. The new A321LR will improve operational efficiency for Air Transat, which plans to resume air operations on July 23. With 1,372 aircraft in total and $47.1 billion in assets as of March 31, 2020, AerCap serves around 200 clients across 80 countries, solidifying its position as a leader in the aircraft leasing market.

Positive

• Delivery of A321LR enhances AerCap's leasing portfolio.
• Strategic partnerships with airlines like Air Transat indicate strong demand for aircraft leasing.
• AerCap's substantial asset base of $47.1 billion and 1,372 aircraft under management demonstrate robustness.

Negative

• None.

DUBLIN, July 1, 2020 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) has announced today that it has delivered a new Airbus A321LR on operating lease to Air Transat.

AerCap is the world's largest Airbus A320neo Family lessor, with 325 aircraft owned and on order. 

"We are very pleased to deliver to Air Transat a new A321LR," said Philip Scruggs, President and Chief Commercial Officer of AerCap. "The exceptional capabilities and economics of the A321LR will allow Air Transat to fly to its destinations with greater efficiency during these difficult times for airlines."

"The A321LR is the ideal new-generation aircraft for the transformation of our fleet and the relaunch of our air operations, which will resume on July 23," said Jean-François Lemay, President of Air Transat. "The arrival of our fourth A321LR allows us to become more efficient and provide a better experience for our customers, while taking an important step in the energy transition in air transportation."

About AerCap

AerCap is the global leader in aircraft leasing with 1,372 aircraft owned, managed or on order and $47.1 billion of total assets as of March 31, 2020. 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.

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," "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.

 

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/aercap-delivers-new-a321neo-lr-to-air-transat-301086619.html

SOURCE AerCap Holdings N.V.

FAQ

What aircraft did AerCap deliver to Air Transat?

AerCap delivered a new Airbus A321LR on operating lease to Air Transat.

When is Air Transat resuming operations?

Air Transat plans to resume air operations on July 23.

How many aircraft does AerCap currently manage?

AerCap manages a total of 1,372 aircraft as of March 31, 2020.

What is AerCap's stock symbol?

AerCap is listed on the New York Stock Exchange under the symbol AER.

What financial position does AerCap hold?

As of March 31, 2020, AerCap has total assets valued at $47.1 billion.