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AMSTERDAM, Apr 12, 2014 - (ACN Newswire) - AerCap Holdings N.V. ("AerCap," "the Company," NYSE: AER) today announced the completion of 29 aircraft transactions during the first quarter 2014:
-- Signed lease agreements for 15 aircraft. The average term of lease agreements contracted during the past twelve months was 163 months for new aircraft and 60 months for used aircraft.
-- Delivered seven aircraft under contracted lease agreements, including four Boeing 737-800s, one Boeing 747-400SF and two Airbus A320-200s.
-- Purchased three aircraft, including two new Boeing 737-800s and one Airbus A330-300.
-- Closed the sale of four aircraft. AerCap sold one Airbus A330-300 from its owned portfolio and one Boeing 737-400, one Boeing 737-300 and one Boeing 767-300ER from its managed portfolio.
-- Signed financing transactions for $2.8 billion. During the first quarter 2014 AerCap entered into an agreement to replace ILFC's $2.3 billion unsecured revolving credit facility with a new $2.75 billion four-year unsecured revolving credit facility, to become effective upon the closing of the ILFC transaction.
As of March 31, 2014, AerCap's portfolio consisted of 377 aircraft that were either owned, managed, or under contract to purchase (including five options). The average age of the owned fleet as of March 31, 2014 was 5.6 years and the average remaining contracted lease term was 6.6 years.
About AerCap
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 release 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. 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 forward-looking statements.
For Media:
Frauke Oberdieck
Tel. +31 20 655 9616
foberdieck@aercap.com
For Investors:
Peter Wortel
Tel. +31 20 655 9658
pwortel@aercap.com
www.aercap.com
AerCap Q1 2014 Transaction Overview: http://hugin.info/149317/R/1776852/606306.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AerCap Holdings N.V. via Globenewswire
Topic: Contract Awarded
Source: AerCap Holdings
https://www.acnnewswire.com
From the Asia Corporate News Network
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