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July 23, 2019

AerCap delivers fifth Boeing 787 Dreamliner on lease to EGYPTAIR

EGYPTAIR operates world’s longest Boeing 787 delivery flight using sustainable aviation fuel

 

DUBLIN - AerCap Holdings N.V. ("AerCap") (NYSE: AER) has today announced the delivery of a new Boeing 787-9 to EGYPTAIR, the fifth 787 of a 6-aircraft deal, from AerCap’s order book with Boeing. The remaining 787 aircraft is scheduled to deliver to EGYPTAIR in August 2019.

EGYPTAIR has today operated the world’s longest 787 delivery flight using sustainable aviation fuel in the delivery trip between Seattle and Cairo, totaling 5,925 nautical-miles (10,973 kilometers).

AerCap is the world’s largest customer of the 787 aircraft, with a total of 114 owned, managed and on order. 

“We are delighted to support EGYPTAIR’s fleet renewal strategy and to be a part of this important industry-first milestone,” said Aengus Kelly, CEO of AerCap. “The 787 Dreamliner is a perfect choice for EGYPTAIR, allowing the airline to reduce fuel use and emissions by up to 25 percent while meeting its sustainable growth ambitions, as well as supporting AerCap’s target to transition its fleet to over two-thirds new technology aircraft by 2021.”

About AerCap

AerCap is the global leader in aircraft leasing with, as of June 30, 2019, 1,373 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 Shannon, Los Angeles, Singapore, Amsterdam, 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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For Investors:
Joseph McGinley +353 1 418 0428
Head of Investor Relations
jmcginley@aercap.com

For Media:
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com