August 16, 2016
AerCap Delivers Second New Airbus A350 XWB Aircraft to Ethiopian Airlines
DUBLIN – AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced the delivery of a second new Airbus A350-900 to Ethiopian Airlines. The first aircraft was delivered in June, marking the first A350 XWB aircraft to be delivered to an African carrier.
AerCap has one of the largest Airbus A350 XWB portfolios with a total of six owned and another 23 on order aircraft delivering through 2019. AerCap has now leased two A350 XWB aircraft to Vietnam Airlines, two to Cathay Pacific Airways and now with the latest delivery a further two to Ethiopian Airlines.
AerCap President and Chief Commercial Officer Philip Scruggs said, “We are pleased to deliver the second A350 XWB to Ethiopian Airlines, a longstanding customer of AerCap. The A350 aircraft is one of the most in-demand aircraft in the world and we are proud to be one of the largest owners of this aircraft type. We look forward to continuing our successful relationship with our friends and partners at Ethiopian Airlines as the airline continues to enhance its fleet.”
Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seven decades of operations, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success. Ethiopian commands the lion’s share of the pan-African passenger and cargo network operating the youngest and most modern fleet to 92 international destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as the Boeing 787, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft. Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with seven business centers: Ethiopian Domestic and Regional Airline; Ethiopian International Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flight Catering Services; and Ethiopian Ground Service. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.
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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