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AerCap Signs Sale and Leaseback Agreement for One New Boeing 787-9 Aircraft with New Customer TAAG Angola Airlines

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AerCap Holdings N.V. (NYSE: AER) has announced a sale and leaseback agreement with TAAG Angola Airlines for one new Boeing 787-9 aircraft, scheduled for delivery in February 2025. This marks TAAG's first 787 acquisition through a lessor and represents a significant step in the airline's fleet modernization program.

The agreement aims to help TAAG expand its network across Africa, Europe, and Asia using one of the market's most fuel-efficient widebody aircraft. The deal is notable as it establishes TAAG Angola Airlines as a new customer for AerCap and introduces the 787 model to TAAG's fleet.

AerCap Holdings N.V. (NYSE: AER) ha annunciato un accordo di vendita e leasing con TAAG Angola Airlines per un nuovo aereo Boeing 787-9, previsto per la consegna a febbraio 2025. Questo segna il primo acquisto del 787 da parte di TAAG attraverso un locatore e rappresenta un passo significativo nel programma di modernizzazione della flotta della compagnia aerea.

L'accordo mira ad aiutare TAAG ad espandere la sua rete in Africa, Europa e Asia utilizzando uno degli aerei widebody più efficienti in termini di consumo di carburante. L'affare è notevole poiché stabilisce TAAG Angola Airlines come un nuovo cliente per AerCap e introduce il modello 787 nella flotta di TAAG.

AerCap Holdings N.V. (NYSE: AER) ha anunciado un acuerdo de venta y arrendamiento con TAAG Angola Airlines para un nuevo avión Boeing 787-9, programado para entrega en febrero de 2025. Esto marca la primera adquisición del 787 por parte de TAAG a través de un arrendador y representa un paso significativo en el programa de modernización de la flota de la aerolínea.

El acuerdo tiene como objetivo ayudar a TAAG a expandir su red en África, Europa y Asia utilizando uno de los aviones de fuselaje ancho más eficientes del mercado en términos de consumo de combustible. El acuerdo es notable ya que establece a TAAG Angola Airlines como un nuevo cliente para AerCap y presenta el modelo 787 a la flota de TAAG.

AerCap Holdings N.V. (NYSE: AER)TAAG 앙골라 항공과 새로운 보잉 787-9 항공기에 대한 매각 및 리스 계약을 체결했다고 발표했습니다. 이는 2025년 2월에 인도될 예정이며, TAAG가 리스 제공자를 통해 787을 처음으로 구매하는 것을 의미하며 항공사의 함대 현대화 프로그램에서 중요한 단계입니다.

이번 계약은 TAAG가 아프리카, 유럽 및 아시아 전역으로 네트워크를 확장하는 데 도움을 주기 위해 시장에서 연료 효율성이 가장 높은 대형 항공기 중 하나를 활용하는 것을 목표로 합니다. 이 거래는 TAAG 앙골라 항공을 AerCap의 새로운 고객으로 설정하고, 787 모델을 TAAG의 함대에 소개하는 데 중요한 의미가 있습니다.

AerCap Holdings N.V. (NYSE: AER) a annoncé un accord de vente et de location avec TAAG Angola Airlines pour un nouvel avion Boeing 787-9, devant être livré en février 2025. Cela marque la première acquisition de 787 par TAAG via un bailleur et représente une avancée significative dans le programme de modernisation de la flotte de la compagnie aérienne.

L'accord vise à aider TAAG à élargir son réseau à travers l'Afrique, l'Europe et l'Asie en utilisant l'un des avions de ligne les plus économes en carburant du marché. Cet accord est remarquable car il établit TAAG Angola Airlines comme un nouveau client d'AerCap et introduit le modèle 787 dans la flotte de TAAG.

AerCap Holdings N.V. (NYSE: AER) hat eine Verkaufs- und Leasingvereinbarung mit TAAG Angola Airlines für ein neues Boeing 787-9 Flugzeug angekündigt, das für die Auslieferung im Februar 2025 geplant ist. Dies markiert den ersten 787-Kauf von TAAG über einen Leasinggeber und stellt einen bedeutenden Schritt im Modernisierungsprogramm der Flotte der Fluggesellschaft dar.

Das Abkommen zielt darauf ab, TAAG zu helfen, ihr Netzwerk in Afrika, Europa und Asien mit einem der treibstoffeffizientesten Großraumflugzeuge auf dem Markt zu erweitern. Der Deal ist bemerkenswert, da er TAAG Angola Airlines als neuen Kunden für AerCap etabliert und das 787-Modell in die Flotte von TAAG einführt.

Positive
  • New customer acquisition expanding AerCap's market presence in Africa
  • Sale and leaseback agreement for a high-value Boeing 787-9 aircraft
  • Secured contract with a national carrier, potentially leading to future deals
Negative
  • None.

Insights

This sale and leaseback agreement with TAAG Angola Airlines represents a strategic expansion of AerCap's customer base in Africa's growing aviation market. The Boeing 787-9, valued at approximately $150-170 million at list prices, will generate steady long-term revenue through lease payments while maintaining AerCap's portfolio quality with modern fuel-efficient aircraft.

The deal's significance extends beyond the single aircraft transaction - it positions AerCap as the first lessor to introduce the 787 to TAAG, potentially leading to future fleet expansion opportunities. African carriers are increasingly focusing on fleet modernization and this partnership could pave the way for additional agreements as TAAG pursues its network expansion plans.

For investors, this transaction reinforces AerCap's market leadership in widebody aircraft leasing and demonstrates continued demand for its assets in emerging markets. The 787-9's strong residual value prospects and operational efficiency make it an attractive asset for AerCap's portfolio, while the geographic diversification helps mitigate regional market risks.

The strategic value of this agreement lies in AerCap's expansion into the rapidly developing African aviation market. Angola's aviation sector is projected to grow at a 5.3% CAGR through 2030, driven by increasing international trade and tourism. TAAG's fleet modernization program signals broader regional opportunities for aircraft lessors.

The timing is particularly advantageous as African carriers seek to replace aging fleets with fuel-efficient aircraft to reduce operating costs and meet environmental regulations. The 787-9's 25% better fuel efficiency compared to previous generation aircraft aligns with these objectives while enabling TAAG to operate profitable long-haul routes to Europe and Asia.

This deal enhances AerCap's market position in Africa, where competitors have presence, potentially creating a first-mover advantage for future leasing opportunities as regional carriers modernize their fleets. The transaction also demonstrates AerCap's ability to secure new customers in emerging markets while maintaining its focus on modern, environmentally friendly aircraft.

DUBLIN, Dec. 27, 2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it has signed a sale and leaseback agreement for one new Boeing 787-9 aircraft with TAAG Angola Airlines ("TAAG"), the national carrier of Angola. The aircraft is scheduled to deliver to TAAG in February 2025.

"We are pleased to welcome TAAG Angola Airlines as a new customer to AerCap and particularly pleased to be the first lessor to introduce the 787 to the airline," said Aengus Kelly, the CEO of AerCap. "As part of their fleet modernization program, the 787 will enable TAAG expand their network across Africa, Europe and Asia with one of the most fuel-efficient widebody aircraft on the market and support them in meeting customer demand. We look forward to a long and fruitful relationship with the TAAG team."

Nelson de Oliveira, CEO of TAAG, said, "This agreement with AerCap represents an important milestone for us, being an essential step towards the modernization of our fleet. The introduction of the Boeing 787-9 reinforces our commitment to efficiency and leading sustainability standards, while leveraging our ability to connect Angola with key international destinations. TAAG is committed to offering passengers a comfortable travel experience thus optimizing operational costs and providing greener environmental mobility solutions."

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, Dubai, Seattle, Toulouse and other locations around the world.

About TAAG Angola Airlines

TAAG Angola Airlines is the leading airline in the country and is recognized worldwide for its strong high-yield market, having grown its current network to 12 domestic and 11 international destinations. In addition to passenger transport, TAAG offers air cargo services which have become essential for Angola's growth and development. TAAG is a company that prides itself on a strong track record of service and performance excellence. For more information about TAAG Angola Airlines, visit: www.taag.com  

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, 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.

AerCap Holdings N.V. (PRNewsfoto/AerCap Holdings N.V.)

 

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SOURCE AerCap Holdings N.V.

FAQ

When will AerCap deliver the Boeing 787-9 aircraft to TAAG Angola Airlines?

The Boeing 787-9 aircraft is scheduled for delivery to TAAG Angola Airlines in February 2025.

What type of agreement did AerCap (AER) sign with TAAG Angola Airlines?

AerCap signed a sale and leaseback agreement for one new Boeing 787-9 aircraft with TAAG Angola Airlines.

How will the Boeing 787-9 benefit TAAG's operations according to the agreement with AER?

The Boeing 787-9 will enable TAAG to expand their network across Africa, Europe, and Asia with a fuel-efficient widebody aircraft while meeting customer demand.

Is this AerCap's (AER) first deal with TAAG Angola Airlines?

Yes, this is AerCap's first deal with TAAG Angola Airlines, making TAAG a new customer for AerCap.

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