PRESS RELEASE
FOR IMMEDIATE RELEASE
AerCap Signs Two
Debt Facility Agreements; $846 Million ECA A320 Delivery Funding Facility and
$86 Million A330 Pre-delivery Payment Funding Facility
Amsterdam, The Netherlands; March
12, 2009 – AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced
that AerVenture Limited, its consolidated joint venture, has signed a facility
agreement with Calyon S.A. and other banks and financial institutions,
outlining the terms pursuant to which the European Export Credit Agencies may
provide guarantees on up to $846 million of financing to commercial banks to
fund deliveries of A320 family aircraft under AerVenture’s forward order with
Airbus through 2011. This completes the remaining financing requirement for the
Airbus A320 family order of aircraft.
The aircraft are part of an original 70 aircraft order placed by
AerVenture Limited in January 2006. The European Export Credit Agencies consist
of Coface in France, ECGD in the
In addition AerCap confirmed that
it signed in February
About AerCap
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 maintenance, repair and
overhaul services and aircraft disassemblies. AerCap is headquartered in The
Netherlands and has offices in
About AerVenture Limited
AerVenture was established as a joint venture
between AerCap and two Kuwaiti partners, LoadAir and Al Fawares in January 2006
for the acquisition of 70 new Airbus A320 family aircraft from Airbus. LoadAir
is active in air cargo operations as well as aviation-related investment
activities. Al Fawares is an investment company with a global portfolio of
businesses encompassing media, telecommunications, real estate and banking in
addition to aviation.
This
press release may contain forward-looking statements that involve risks and
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not guarantees of future performance and involve significant assumptions, risks
and uncertainties, and actual results may differ materially from those in the
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