AerCap Leased, Purchased and Sold 255 Assets in the Third Quarter 2022

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) has reported significant business activities for Q3 2022, signing 184 lease agreements for various aircraft types, completing 34 purchases of aircraft and engines, and executing 37 sale transactions involving owned and managed aircraft. Financing transactions were signed for approximately $1.4 billion. These activities highlight AerCap's robust leasing portfolio and operational capacity within the aviation sector.

Positive

• Signed 184 lease agreements, indicating strong demand.
• Completed 34 purchases, expanding the owned and managed aircraft portfolio.
• Executed 37 sale transactions, optimizing asset management.
• Secured financing transactions of $1.4 billion to support growth.

Negative

• None.

DUBLIN, Oct. 11, 2022 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the third quarter 2022:

• Signed 184 lease agreements, including 30 widebody aircraft, 104 narrowbody aircraft, 3 regional jets, 23 engines and 24 helicopters.
  
  
• Completed 34 purchases for 15 aircraft (including 12 Airbus A320neo Family aircraft and 1 Airbus A220 aircraft for AerCap's owned aircraft portfolio and 2 aircraft for AerCap's managed aircraft portfolio), 16 engines and 3 helicopters.
  
  
• Executed 37 sale transactions for 21 aircraft (including 4 Airbus A320 Family aircraft, 2 Airbus A320neo Family aircraft, 1 Airbus A330, 2 Boeing 737NGs, 2 Boeing 777-200ERs, 2 Boeing 767-300ERs, 1 Boeing 737-800BCF and 3 Boeing 747-400Fs from AerCap's owned aircraft portfolio and 4 aircraft from AerCap's managed aircraft portfolio), 13 engines and 3 helicopters.
  
  
• Signed financing transactions for approximately $1.4 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, Memphis, 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 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.

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 did AerCap announce on October 11, 2022?

AerCap announced major business transactions for Q3 2022, including lease agreements, purchases, and sales of aviation assets.

How many lease agreements did AerCap sign in Q3 2022?

AerCap signed 184 lease agreements during the third quarter of 2022.

What is the total amount of financing secured by AerCap in Q3 2022?

AerCap secured financing transactions totaling approximately $1.4 billion in Q3 2022.

How many assets did AerCap buy and sell in Q3 2022?

In Q3 2022, AerCap purchased and sold a total of 255 assets.