January 2, 2019
AerCap Leased, Purchased and Sold 436 Aircraft in 2018
Record number of transactions 145 in Q4 2018
DUBLIN - AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the full year and fourth quarter 2018.
Aengus Kelly, CEO of AerCap commented, “Q4 was a record quarter for AerCap. We executed 145 aircraft transactions including 72 leases, 36 sales of older aircraft and 37 purchases of the most in demand new technology aircraft. I would particularly like to note that we have now leased 48 of the 50 Embraer E-2 aircraft that we have on order. Further to this we continued to add to AerCap’s lender group through the execution of $500 million of new debt facilities and ended the year with approximately $10bn in available liquidity.”
“These activities illustrate the unmatched capability and scale of AerCap’s platform. It also highlights the continued demand for our aircraft both to meet our airline customers’ needs and as an asset class for investors.”
Full Year 2018 Transactions
- Signed lease agreements for 257 aircraft.
- Purchased 76 aircraft.
- Executed sale transactions for 103 aircraft.
- Signed financing transactions for $6.9 billion.
Fourth Quarter 2018
- Signed lease agreements for 72 aircraft, including 8 widebody aircraft and 64 narrowbody aircraft.
- Purchased 37 aircraft, including 26 Airbus A320neo Family aircraft, 2 Airbus A350s, 3 Boeing 737 MAX 8s, 5 Boeing 787s and 1 Embraer E2.
- Executed sale transactions for 36 aircraft, including 14 Airbus A320 Family aircraft, 2 Airbus A330s, 6 Boeing 737NGs, 1 Boeing 737 Classic, 1 Boeing 757, 2 Boeing 777-200ERs and 1 Boeing 777-300 from AerCap’s owned portfolio and 9 Airbus A320 Family aircraft from AerCap’s managed portfolio.
- Signed financing transactions for $500 million.
AerCap is the global leader in aircraft leasing with, as of December 31, 2018, 1,421 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.
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.
Joseph McGinley +353 1 418 0428
Head of Investor Relations
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications