AerCap Announces Component Agreement with OEMServices

DUBLIN – March 7, 2024 – AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE: AER) today announced that it has signed a seven-year component sale and leaseback agreement with OEMServices S.A.S. (“OEMServices”).

As part of the agreement, AerCap Materials will provide a substantial inventory of Airbus A220 aircraft components to support OEMServices’ extensive airline customer base.  This latest agreement is a further example of the inventory financing solutions provided by AerCap Materials to OEMServices across various platforms, including Airbus A320 and Airbus A380 lines. 

Aimee Craig, the CEO of AerCap Materials, said, “The growth of our inventory financing services has enabled AerCap Materials to provide innovative and cost-effective solutions to all of our customers. We are delighted to extend our strategic partnership with OEMServices as they grow their global support solutions for airlines around the world and we look forward to further enhancing our relationship with the OEMServices team.” 

Didier Granger, the Group Chief Executive Officer of OEMServices, said: “This new step in the partnership between OEMServices and AerCap Materials means a great deal to us. Our common understanding of the market and the quality of the relationship that we have developed over the years have made this project possible. This agreement will certainly open up new opportunities between our two companies in the future.”

About AerCap

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world. 

About AerCap Materials
AerCap Materials is the premier global distributor of airframe and engine material from leading commercial aircraft and engine manufacturers. Founded in 1971 as The Memphis Group and brought into the AerCap family in 2021, we pride ourselves in delivering quality products and services to meet the needs of our customers. With over five decades of experience and an array of trusted and innovative solutions, ranging from spares distribution to component financing, AerCap Materials has the experience, expertise and solutions tailored to meet your supply chain requirements, around the clock and around the world. 

About OEMServices

OEMServices is a leader in component, logistic and trading services for airlines and Original Equipment Manufacturers (OEMs). Founded by four major Original Equipment Manufacturers (OEMs): Diehl Aerospace, Liebherr Aerospace, Thales Avionics and Zodiac Aerospace, OEMServices was created to offer airlines full support integrated services by regrouping the capabilities, assets and expertise of multiple OEMs. Headquartered at Paris CDG airport, supported by major hubs in Europe, the USA, the Middle East and Asia, and integrating more than 60 OEM-partners, OEMServices is able to support its customers anywhere, 24/7. 

Forward-Looking Statements

This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are “forward-looking statements”. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “may,” “might,” “should,” “expect,” “plan,” “intend,” “will,” “aim,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue” or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to: the Ukraine Conflict, the Covid-19 pandemic, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

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