AerCap Holdings N.V. Completes 197 Aircraft Transactions During the Full Year and 41 Aircraft Transactions During the Fourth Quarter 2013
Amsterdam, The Netherlands; January 13, 2014 - AerCap Holdings N.V. ("AerCap,"
"the Company," NYSE: AER) today announced the completion of the following
aircraft transactions during the full year and fourth quarter 2013:
Full Year 2013
* Signed lease agreements for 79 aircraft,
* Delivered 52 aircraft under contracted lease agreements,
* Purchased 38 aircraft, and entered into purchase and leaseback agreements
for another 21 aircraft that are still to be delivered,
* Closed the sale of 28 aircraft, and
* Signed financing transactions for $5.9 billion, including $3.8 billion
relating to the International Lease Finance Corporation ("ILFC")
Â Fourth Quarter 2013
* Signed lease agreements for 19 aircraft. The average term of lease
agreements contracted during the past 12 months was 163 months for new
aircraft and 57 months for used aircraft.
* Delivered 11 aircraft under contracted lease agreements, including four
Boeing 737-800s and seven Airbus A320-200s.
* Purchased six aircraft, including four new Boeing 737-800s and two Airbus
A320s, and entered into a purchase and leaseback arrangement for one Boeing
787-8 aircraft that is still to be delivered.
* Closed the sale of five aircraft. AerCap sold one Airbus A330-200 from its
owned portfolio, and two Airbus A320-200s, one Boeing 737-400 and one
Bombardier CRJ705 from its managed portfolio. AerCap also executed
agreements for the sale of three aircraft that are still to be delivered
(one from its owned portfolio and two from its managed portfolio).
* Entered into a definitive agreement under which AerCap will acquire 100% of
the common stock of ILFC, as previously announced. The transaction is
expected to close in the second quarter of 2014, subject to satisfaction of
customary closing conditions.
* Signed financing transactions for $4.1 billion, including $3.8 billion
relating to the ILFC transaction.
As of December 31, 2013, AerCap's portfolio consisted of 378 aircraft that were
either owned, managed,Â or under contract to purchase (including five options).
The average age of the owned fleet as of December 31, 2013 was 5.4 years and the
average remaining contracted lease term was 6.6 years.
AerCap is one of the world's leading aircraft leasing companies and has one of
the youngest fleets in the industry. AerCap is a New York Stock Exchange-listed
company (AER) and has its headquarters in the Netherlands with offices in
Ireland, the United States, China, Singapore and the United Arab Emirates.
This press releaseÂ may contain forward-looking statements that involve risks and
uncertainties. In most cases, you can identify forward-looking statements by
terminology such as "may", "should", "expects", "plans", "anticipates",
"believes", "estimates", "predicts", "potential" or "continue" or the negative
of such terms or similar terminology.Â Such forward-looking statements are not
guarantees of future performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially from those in the
For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +31 20 655 9658
AerCap Q4 and FY 2013 Transaction Overview Jan 2014:
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AerCap Holdings N.V. via GlobeNewswire