AerCap Leased, Purchased and Sold 157 Aircraft in the First Quarter 2022

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) reported significant business activity in Q1 2022, including signing 102 lease agreements for various aircraft types, completing 25 purchases of 23 aircraft, and executing 30 sale transactions for 26 aircraft and 2 helicopters. The company also engaged in financing transactions totaling $2.1 billion. AerCap continues to lead the aviation leasing industry, serving approximately 300 customers globally, with a strong order book.

Positive

• Signed 102 lease agreements in Q1 2022.
• Completed 25 purchases for 23 aircraft.
• Executed 30 sale transactions for 26 aircraft.
• Engaged in financing transactions for approximately $2.1 billion.

Negative

• None.

DUBLIN, April 12, 2022 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the first quarter 2022:

• Signed 102 lease agreements, including 14 widebody aircraft, 62 narrowbody aircraft, 2 regional jets, 8 engines and 16 helicopters.
   
• Completed 25 purchases for 23 aircraft (including 15 Airbus A320neo Family aircraft, 1 Airbus A220 aircraft and 4 Boeing 737 MAX aircraft for AerCap's owned aircraft portfolio and 3 aircraft for AerCap's managed aircraft portfolio) and 2 engines.
   
• Executed 30 sale transactions for 26 aircraft (including 2 Airbus A320 Family aircraft, 3 Airbus A320neo Family aircraft, 2 Airbus A330s, 3 Boeing 737NGs, 1 Boeing 767-300ER, 2 Boeing 777-200ERs, 1 Boeing 737-300SF, 5 Embraer E190 E2s and 1 Embraer E190 from AerCap's owned aircraft portfolio and 6 aircraft from AerCap's managed aircraft portfolio), 2 engines and 2 helicopters.
   
• Signed financing transactions for approximately $2.1 billion.

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, Amsterdam, Shanghai, Abu Dhabi, 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 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.

For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com and follow us on Twitter www.twitter.com/aercapnv.

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SOURCE AerCap Holdings N.V.

FAQ

What were AerCap's major transactions in Q1 2022?

AerCap signed 102 lease agreements, completed 25 purchases for 23 aircraft, and executed 30 sale transactions for 26 aircraft in Q1 2022.

How much financing did AerCap secure in Q1 2022?

AerCap secured financing transactions totaling approximately $2.1 billion in Q1 2022.

How many aircraft did AerCap lease in Q1 2022?

In Q1 2022, AerCap signed lease agreements for 102 aircraft, including widebody, narrowbody, regional jets, and helicopters.

What types of aircraft did AerCap purchase in Q1 2022?

AerCap purchased 23 aircraft, including 15 Airbus A320neo Family aircraft, 1 Airbus A220, and 4 Boeing 737 MAX aircraft in Q1 2022.