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December 16, 2016

AerCap Celebrates the Delivery of the First Airbus A320neo Aircraft to China Southern Airlines

Delivery Signifies the First Carrier in China to Operate the Aircraft Type

DUBLIN – AerCap Holdings N.V. (“AerCap”) (NYSE: AER) has announced the delivery of the first Airbus A320neo on lease to China Southern Airlines, making the airline the first carrier in China to operate the aircraft type. The delivery took place at a ceremony in the Airbus delivery center in Hamburg. This is the first of twenty-four A320neo aircraft to deliver to China Southern Airlines by AerCap, delivering through 2019.

AerCap has one of the largest Airbus A320neo Family portfolios with a total of 219 owned and on order aircraft, delivering through 2021. In 2016 AerCap has already delivered the first A320neo to North America to Volaris followed by Spirit and Frontier Airlines.

“It gives us great pleasure to be the first lessor to deliver the A320neo aircraft on lease to longstanding customer, China Southern Airlines, Asia’s largest airline and we are particularly pleased to be the first to deliver the aircraft type to a carrier in China,” said AerCap Chief Executive Officer Aengus Kelly. “The A320neo aircraft is one of the most in-demand single aisle aircraft in the world, incorporating the latest technologies and the most fuel efficient engines. We look forward to continuing our successful relationship with China Southern Airlines as the airline optimizes its fleet.”

About AerCap
AerCap is the global leader in aircraft leasing with, as of September 30, 2016, 1,607 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, 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, there can be no assurance 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. 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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