October 6, 2016
AerCap Confirms Placement of Five Embraer E-Jets E2 Aircraft to Borajet Airlines
Launch lessor customer of E-Jets second generation of commercial aircraft
DUBLIN – AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced it has confirmed placement of three Embraer E190-E2s and two E195-E2s to Turkish carrier, Borajet Airlines. The aircraft, on long term lease from AerCap’s order book with Embraer, will begin delivering to Borajet Airlines in 2018. The announcement was made at the Istanbul Airshow.
AerCap is the launch lessor customer of Embraer’s E-Jets E2 second generation of this family of commercial aircraft with a total of 50 Embraer E190-E2s and E195-E2s on order.
AerCap Head of EMEA Leasing, Kenneth Wigmore said, “We are pleased to confirm our lease of five E-Jet family aircraft to Borajet Airlines and especially pleased to be the launch lessor customer of the aircraft type. The E-Jets E2 aircraft offer greater capacity and operational efficiency which will support Borajet’s growing network. We look forward to continuing to work with the Borajet team as the airline optimizes its fleet.”
Fatih Akol, Chairman of Borajet Airlines said, “We are the fastest growing regional airline in Europe. We are addıng to our fleet because of thıs success whıch ıs based on our strategy and the operatıon of current generatıon Embraer Jets. Borajet’s future plans ınclude the addition of further next generatıon Embraer aırcraft to our fleet. Our target investment is USD 1.5 billion. The first step of our investment is the induction of the five E-Jets E2 jets announced today. Our investment is a proof of our commitment to, and confidence in, the Turkish aırlıne industry. Wıth Special thanks to our passengers who have supported us and demanded thıs growth, we will continue to give our guests the ‘private aırcraft comfort’ and quality of service they have learned to expect from Borajet.”
“This agreement opens a new chapter in the relationship between AerCap, Borajet and Embraer. The E2 is the fleet smart solution that maximizes profitability and return on investment for airlines and lessors, while maintaining the leadership in passenger comfort achieved by the current E-Jets generation. For Borajet, the cockpit communality between the E-Jets generations, which requires less than three days of transition, minimises training costs, reduces complexity, and provides greater operational flexibility in aircrew utilisation,” said Arjan Meijer, Vice President, Europe & Middle East, Embraer Commercial Aviation.
Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. Embraer is the leading manufacturer of commercial jets up to 130 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
AerCap is the global leader in aircraft leasing with, as of June 30, 2016, 1,637 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.
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