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AMSTERDAM, Sept 30, 2015 - (ACN Newswire) - AerCap Holdings N.V. ("AerCap", NYSE: AER) announced today that it has completed the sale of a ten-aircraft portfolio to an entity advised by Magnetar Capital, an investment manager with $14.6 billion assets under management. The aircraft types include four A330-200s, two 777-200ERs, two 777-300ERs, and two A320-200s with an average age of approximately 10.5 years. As part of the sale, AerCap has entered into an agreement with the purchaser under which it will continue to service the portfolio.
"We are pleased with the sale of these ten aircraft as it helps further balance the aircraft types in our portfolio," said Ted O'Byrne, Chief Investment Officer of AerCap. "With the completion of this sale, the total amount of aircraft sold to date in 2015 is $1.2 billion. We are also delighted with the emergence of our new partner on the transaction and look forward to working with the Magnetar team in the future."
David Snyderman, Global Head of Fixed Income at Magnetar, said: "This investment fits in well with Magnetar's strong and growing portfolio of mid-life aircraft. We're particularly pleased with our growing relationship with AerCap."
About AerCap
AerCap is the global leader in aircraft leasing with approximately 1,730 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves over 200 customers in approximately 90 countries with comprehensive fleet solutions and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
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 Investors/Media:
John Wikoff
Tel. +31 631 699 430
jwikoff@aercap.com
www.aercap.com
AerCap Sells $0.6 Billion Aircraft Portfolio http://hugin.info/149317/R/1955551/712106.pdf
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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: Press release summary
Source: AerCap Holdings
https://www.acnnewswire.com
From the Asia Corporate News Network
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