AerCap Signed Financing Transactions for approximately $2.2 billion and Leased, Purchased and Sold 44 Aircraft in the Third Quarter 2020

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) reported significant transactions for Q3 2020, including financing agreements worth $2.2 billion. The company signed leases for 28 aircraft, comprising 3 widebody and 25 narrowbody units. Additionally, AerCap purchased 9 new aircraft, predominantly from the Airbus A320neo Family and one Boeing 787-9. The company also executed sales of 7 owned aircraft, encompassing various models from Airbus and Boeing. This indicates strong operational activity despite ongoing market challenges.

Positive

• Signed financing transactions for approximately $2.2 billion.
• Executed leases for 28 aircraft, enhancing fleet capabilities.
• Purchased 9 new aircraft, bolstering the fleet's diversity.
• Sold 7 owned aircraft, optimizing asset management.

Negative

• None.

DUBLIN, Oct. 8, 2020 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the third quarter 2020:

• Signed financing transactions for approximately $2.2 billion.
• Signed lease agreements for 28 aircraft, including 3 widebody aircraft and 25 narrowbody aircraft.
• Purchased 9 new aircraft, including 8 Airbus A320neo Family aircraft and 1 Boeing 787-9.
• Executed sale transactions for 7 owned aircraft, including 2 Airbus A320 Family aircraft, 1 Boeing 737NG, 1 Boeing 747, 2 Boeing 767s and 1 Boeing 777-200ER.

About AerCap

AerCap is the global leader in aircraft leasing with 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, including the impacts of, and associated responses to, the Covid-19 pandemic, 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 financing transactions did AerCap sign in Q3 2020?

AerCap signed financing transactions for approximately $2.2 billion during Q3 2020.

How many aircraft did AerCap lease in the third quarter of 2020?

AerCap signed lease agreements for 28 aircraft in Q3 2020.

What types of aircraft did AerCap purchase in Q3 2020?

AerCap purchased 9 new aircraft, including 8 Airbus A320neo Family aircraft and 1 Boeing 787-9.

How many aircraft did AerCap sell in the third quarter of 2020?

AerCap executed sale transactions for 7 owned aircraft in Q3 2020.