20 November 2006

    AMSTERDAM, Netherlands, Nov. 20 /PRNewswire/ -- AerCap Holdings N.V.
("AerCap") today announced the pricing of the initial public offering of
its ordinary shares at $23.00 per share. The securities offered include
6,800,000 shares to be issued and sold by AerCap as well as 19,300,000
shares to be sold by shareholders of AerCap. The selling shareholders have
granted to the underwriters an overallotment option to purchase up to
3,915,000 additional ordinary shares. The ordinary shares are expected to
trade beginning on November 21, 2006 on the New York Stock Exchange under
the symbol "AER."
    AerCap intends to use the net proceeds it receives from the offering to
repay a portion of its outstanding senior secured and junior subordinated
term loans incurred in connection with its acquisition of AeroTurbine in
April 2006.
    AerCap is an integrated global aviation company with a leading market
position in aircraft and engine leasing, trading and parts sales. AerCap
also provides aircraft management services and performs aircraft and engine
maintenance, repair and overhaul services and aircraft disassemblies
through its certified repair stations. AerCap owns and manages a fleet of
over 200 aircraft, owns 61 engines and has one of the largest new aircraft
order books among operating lessors. AerCap is headquartered in The
Netherlands and has offices in Ireland and the United States.
    Morgan Stanley, Goldman, Sachs & Co., Lehman Brothers Inc. and Merrill
Lynch are bookrunners for the offering. The offering of ordinary shares
will be made only by means of a prospectus.
    When available, a copy of the prospectus relating to this offering may
be obtained from:
    Morgan Stanley
    180 Varick Street 2/F
    New York, NY 10014
    prospectus@morganstanley.com
    1-866-718-1649
    A registration statement relating to these securities was declared
effective on November 20, 2006. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
    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.
    Contact Information AerCap:

    Keith Helming
    Chief Financial Officer
    +31 20 655 9670
    khelming@aercap.com

    Frauke Oberdieck
    Corporate Communications
    +31 20 655 9616
    foberdieck@aercap.com