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September 27, 2022

AerCap and Boeing Celebrate 100th Contracted 737-800BCF Delivery

• AerCap Cargo has 65 firm orders and a further 9 options for the 737-800BCF

• 737-800BCF versatility and reliability have made it the ‘workhorse’ for the express and e-commerce cargo market


DUBLIN – Tuesday, September 27, 2022 – AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE: AER) and Boeing today announced the milestone delivery of the 100th contracted 737-800 Boeing Converted Freighter (BCF). The 100th 737-800BCF was converted at Boeing Shanghai Aviation Services Co. Ltd., (BSAS), home to the first 737-800BCF conversion line.

AerCap Cargo has leased the aircraft to GOL Linhas Aéreas, which will be operated for a Latin-American e-commerce company, as part of the growth strategy and logistics solution of GOLLOG, GOL’s logistics business unit.

“We are delighted to be a part of this significant milestone with our partners at Boeing,” said Rich Greener, Head of AerCap Cargo. “Since launching the 737-800BCF program with Boeing in 2016, the e-commerce market has grown at a phenomenal rate with increased demand from e-commerce retail businesses. Thanks to its versatility and reliability, the 737-800BCF is becoming the workhorse for express air cargo and e-commerce networks.”

“We are honored to celebrate this milestone with AerCap Cargo, a customer that has been an integral part of the 737-800BCF program’s success since program launch,” said Kate Schaefer, vice president of Boeing's Commercial Modifications, Engineering & Specialty Products business. “Across five continents, our customers’ 737-800BCF utilization hours are far surpassing those of the previous generation fleet. It’s a testament to the important role these freighters play in unlocking market opportunities for our air cargo operators and their customers.”

AerCap Cargo has more than 25 years’ experience in freighter leasing, including Passenger-to-Freighter (P2F) conversions, with more than 100 successful conversions. AerCap Cargo’s 737-800BCF customers include West Atlantic Group, Amazon Air, GOL, JD.com, Kargo Xpress, ASL and Longhao Airlines.
 

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, Abu Dhabi, Seattle, Toulouse and other locations around the world.

 

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, our ability to successfully integrate GECAS’ operations and employees and realize anticipated synergies and cost savings; and the potential impact of the consummation of the GECAS transaction on relationships, including with employees, suppliers, customers and competitors, 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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