2013-07-12 13:24:03 -
Amsterdam, The Netherlands; July 12, 2013 - AerCap Holdings N.V. ("AerCap,"
Company," NYSE: AER) today announced the completion of 81 aircraft transactions
during the second quarter 2013:
* Signed new lease agreements for 24 aircraft,
* Delivered 25 aircraft under contracted lease agreements,
* Purchased 17 new aircraft,
* Closed the sale of 15 aircraft, and
* Signed financing transactions for $1.5 billion.
Transaction Overview Second Quarter 2013 Year to Date 2013
Owned Managed Total Owned Managed Total
Contracts 22 2 24 32 2 34
Closed 23 2 25 32 2 34
Closed 17 - 17 26 - 26
Contract Signed, to be Delivered - - - - - -
Aircraft - Closed 8 7 15 11 7 18
Aircraft - Contract Signed, to be - 2 2 - 2 2
Lease Activities: Contracts Signed for 24 Aircraft - 25 Aircraft Delivered
New Lease Agreements
AerCap signed new lease agreements for 24 aircraft in the second quarter 2013,
including seven new Boeing 737-800s, ten Airbus A330-200s, five Airbus A320-
200s, one Boeing 737-800 and one Boeing 747-400SF.
In addition to the new lease agreements signed during the second quarter, AerCap
signed letters of intent or agreed terms for the lease of a further three
aircraft, including one from its managed portfolio. The average term of lease
agreements and letters of intent for new aircraft signed during the past 12
months was 166 months. The average term of lease agreements and letters of
intent for used aircraft in that period was 58 months.
AerCap completed 25 deliveries under contracted lease agreements in the second
quarter, including seven new Boeing 737-800s, ten Airbus A330-200s, one Airbus
A319-100, five Airbus A320-200s, one Airbus A330-300 and one Boeing 737-700.
Purchase Activities: Purchases Closed for 17 Aircraft
AerCap purchased seven new Boeing 737-800 aircraft and entered into a purchase
and leaseback arrangement with LATAM Airlines to finance 25 widebody aircraft,
ten of which were acquired during the second quarter.
Sales Activities: 15 Aircraft Sold
During the second quarter, AerCap sold its interest in eight Boeing 737-800s
from its owned portfolio. AerCap will continue to manage these aircraft and
retain an ownership position. AerCap also sold three Boeing 737-300s, three
Boeing 737-400s and one Boeing 767-300ER from its managed portfolio.
Debt Facilities: $1.5 Billion Completed During the Second Quarter
In the second quarter, AerCap closed financing transactions for approximately
$1.5 billion including the amendment and upsize of its revolving warehouse
As of June 30, 2013, AerCap's portfolio consisted of 368 aircraft that were
either owned, managed, or under contract to purchase (including five options).
The average age of the owned fleet as of June 30, 2013 is 5.3 years and the
average remaining contracted lease term is 6.6 years.
AerCap is one of the world's leading aircraft leasing companies and has one of
the youngest fleets in the industry. AerCap is a New York Stock Exchange-listed
company (AER) and has its headquarters in the Netherlands with offices in
Ireland, the United States, China, Singapore and the United Arab Emirates.
This press release may contain forward-looking statements that involve risks and
uncertainties. In most cases, you can identify forward-looking statements by
terminology such as "may", "should", "expects",
"believes", "estimates", "predicts", "potential" or
"continue" or the negative
of such terms or similar terminology. Such forward-looking statements are not
guarantees of future performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially from those in the
For Media: For Investors:
Tel. +31 20 655 9616 Peter Wortel
Tel. +31 20 655 9658
AerCap Q2 2013 Transaction Overview 2013 07 12:
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Source: AerCap Holdings N.V. via Thomson Reuters ONE