AerCap Signs Lease Agreements with Norwegian Air Shuttle ASA for Ten New Boeing 737 MAX 8 Aircraft and Eight Boeing 737-800 NG Aircraft

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) announced on February 28, 2022, the signing of lease agreements with Norwegian Air Shuttle ASA for ten Boeing 737 MAX 8 and eight Boeing 737-800 NG aircraft. The new aircraft are set for delivery in 2022 and 2023, enhancing Norwegian's fleet renewal program. AerCap's Chief Commercial Officer Peter Anderson expressed enthusiasm about supporting Norwegian's growth and commitment to a fuel-efficient fleet. Norwegian's CEO Geir Karlsen stated that the fleet expansion will enhance operational efficiency across Nordic and European routes.

Positive

• Signed lease agreements for ten Boeing 737 MAX 8 and eight Boeing 737-800 NG aircraft.
• Aircraft deliveries scheduled for 2022 and 2023, supporting Norwegian's fleet renewal.
• Enhances AerCap's position as a leader in aviation leasing.

Negative

• None.

DUBLIN, Feb. 28, 2022 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced that it has signed agreements with Norwegian Air Shuttle ASA for the lease of ten new Boeing 737 MAX 8 aircraft and eight Boeing 737-800 NG aircraft. The aircraft are scheduled to deliver in 2022 and 2023.

"We are delighted to support Norwegian's narrowbody fleet renewal program," said Peter Anderson, Chief Commercial Officer of AerCap. "The addition of these aircraft will help Norwegian grow their operations whilst maintaining its commitment to operate a highly competitive, fuel-efficient fleet of aircraft. We wish Geir Karlsen and all the team every success and we look forward to working with them as these aircraft deliver."

"The addition of these aircraft will help us achieving our target of building a larger, modern and more fuel-efficient fleet. This will in turn enable us to deliver our products and services in a wide network of routes in the Nordics and to European destinations," said Geir Karlsen, CEO of Norwegian.

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," "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 aircraft did AerCap lease to Norwegian Air Shuttle ASA?

AerCap leased ten Boeing 737 MAX 8 and eight Boeing 737-800 NG aircraft to Norwegian Air Shuttle ASA.

When are the aircraft deliveries scheduled?

The aircraft deliveries are scheduled for 2022 and 2023.

What is AerCap's stock symbol?

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

How will the new aircraft benefit Norwegian Air Shuttle?

The new aircraft will help Norwegian grow operations while maintaining a competitive, fuel-efficient fleet.