PRESS RELEASE
FOR IMMEDIATE RELEASE
AerCap to Lease Ten New Airbus A330 Jets
to Virgin
All AerCap
A330 Orders Now Placed
Amsterdam,
The Netherlands; June 22, 2009 - AerCap Holdings
N.V. (“AerCap,” NYSE: AER) today announced that it
has signed letters of intent with Virgin Atlantic Airways for the purchase and
leaseback of six Airbus A330-300s that Virgin Atlantic has on order with
Airbus. In addition, AerCap will lease four Airbus
A330-300 aircraft to Virgin Atlantic from its own A330 order.
The lease terms for all
aircraft are twelve years and deliveries are scheduled for 2011 and 2012.
Virgin Atlantic has not yet selected the engine type.
AerCap expects to
finance the six new aircraft purchases under its existing funding facilities. The four aircraft
for direct lease to Virgin Atlantic were the only remaining positions from AerCap’s order of thirty Airbus A330s placed in
2006/2007.
Steve Ridgway, CEO of
Virgin Atlantic, said: “This order shows we are confident about our future
growth. AerCap have helped make this deal a reality
against the backdrop of unprecedented financial turmoil. We look forward to
working with the AerCap team again.”
Soeren Ferré, CEO of AerCap Group Services B.V., commented on the transaction:
"We are very pleased with this ten-aircraft-deal with Virgin Atlantic
Airways as one of the world’s premier long haul airlines. With the transaction
coinciding with Virgin Atlantic’s 25th birthday this year and
representing the completion of AerCap’s A330 order
placements, there is good reason to celebrate for both parties. We expect to
close the final negotiations with Virgin Atlantic shortly and, above all, wish
them a very Happy Birthday.”
About
Virgin Atlantic Airways
Virgin Atlantic Airways was established in 1984 and is celebrating its 25th birthday
throughout 2009. Virgin Atlantic Airways is one of the world’s leading
long-haul only carriers. Now based at
About AerCap
AerCap is an integrated global aviation
company with a leading market position in aircraft and engine leasing, trading
and parts sales. AerCap’s portfolio consists of 297
aircraft and 78 engines that are either owned, on order, under contract or
letter of intent, or managed. The company 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
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For Media: |
For Investors: Peter Wortel, AerCap Tel. +31 20 655 9658 |