September 30, 2015
AerCap Sells $0.6 Billion Aircraft Portfolio
Amsterdam, The Netherlands; September 30, 2015 - AerCap Holdings N.V. ("AerCap", NYSE: AER) announced today that it has completed the sale of a ten-aircraft portfolio to an entity advised by Magnetar Capital, an investment manager with $14.6 billion assets under management. The aircraft types include four A330-200s, two 777-200ERs, two 777-300ERs, and two A320-200s with an average age of approximately 10.5 years. As part of the sale, AerCap has entered into an agreement with the purchaser under which it will continue to service the portfolio.
"We are pleased with the sale of these ten aircraft as it helps further balance the aircraft types in our portfolio," said Ted O'Byrne, Chief Investment Officer of AerCap. "With the completion of this sale, the total amount of aircraft sold to date in 2015 is $1.2 billion. We are also delighted with the emergence of our new partner on the transaction and look forward to working with the Magnetar team in the future."
David Snyderman, Global Head of Fixed Income at Magnetar, said: "This investment fits in well with Magnetar's strong and growing portfolio of mid-life aircraft. We're particularly pleased with our growing relationship with AerCap."
AerCap is the global leader in aircraft leasing with approximately 1,730 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves over 200 customers in approximately 90 countries with comprehensive fleet solutions and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
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