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June 21, 2017

AerCap and Primera Air Announce Lease Agreement for Two Airbus A321LR Aircraft

  • Deal Signifies ‘Firsts’ for Both Companies

PARIS -- AerCap Holdings N.V. (“AerCap”) (NYSE: AER) and Primera Air today announced the signing of a lease agreement for two Airbus A321LR aircraft. The agreement was sealed at a signing ceremony during the Paris Air Show. The deal signifies ‘firsts’ for both companies, as this is the first aircraft of its type ordered by AerCap and the first A321LR for Primera Air. The aircraft will deliver in the fourth quarter of 2018.

AerCap is the world's largest Airbus A320neo Family lessor, with 220 aircraft owned and on order.

Speaking at the signing ceremony, AerCap President and Chief Commercial Officer Philip Scruggs said, “We are delighted to partner with Primera on the lease of our first two A321LRs. The A321LR airplane boasts the longest range of any in-production, single-aisle jetliner. It opens up new destinations and new markets to airlines that operate the aircraft. We look forward to working with Primera Air on this project, and we wish the team every success with their fleet renewal program.”

Primera Air President and CEO Andri M. Ingolfsson said, “Primera Air is very happy to sign the first Airbus321LR aircraft that will come into operation, and very pleased to extend the long and solid cooperation we have had with AerCap. The new Airbus 321LR will be a game changer in the industry and will enable Primera Air to be the first airline to open up new long haul routes, previously only viable with wide body aircraft, but with superior economics. This will bring the fleet of Primera Air of new Airbus321Neo aircraft to 8, of which all will be delivered in 2018. This is the biggest shift in the airline industry for last 20 years, where long haul routes now will become accessible at prices the industry will not have seen before.”

About Primera Air
Primera Air is a European Airline, operating a fleet of nine Next-Generation 737-700s and 737-800s with flights to more than 70 airports in Europe. Primera Air will take delivery of 8 new Airbus 321NEO in 2018. Primera Air is part of the Primera Travel Group that operates travel agencies and tour operating companies in Sweden, Denmark, Norway, Finland, Iceland and Estonia.

About AerCap
AerCap is the global leader in aircraft leasing with, as of March 31, 2017, 1,541 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

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," "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 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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