AerCap Signs Letter of Intent with The Boeing Company for up to Fifteen 737-800 Aircraft, Consisting of Ten Firm Aircraft and Five Purchase Rights

AMSTERDAM, Nov. 18, 2010 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap," NYSE: AER) announced that yesterday it has signed a Letter of Intent with The Boeing Company covering the purchase of up to 15 737-800 aircraft, consisting of 10 firm aircraft and 5 purchase rights.

Klaus Heinemann, CEO of AerCap, commented: "We are extremely pleased to enter into a direct purchase arrangement with Boeing, while AerCap's portfolio of lease assets already contains a large number of Boeing aircraft, this is the first time that AerCap will buy directly from the manufacturer. The 737-800 with its recently announced performance upgrade, its new cabin interior and the superb on wing performance of its CFM engines makes it a formidable competitor to any re-engine alternative."

About AerCap Holdings N.V.

AerCap is the world's leading independent aircraft leasing company. AerCap also provides engine leasing, aircraft management services, aircraft maintenance, repair and overhaul services and aircraft disassemblies. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, China, Singapore and the United Kingdom.

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SOURCE AerCap Holdings N.V.