AerCap Holdings N.V. Completes 197 Aircraft Transactions During the Full Year and 41 Aircraft Transactions During the Fourth Quarter 2013Amsterdam, The Netherlands; January 13, 2014 - AerCap Holdings N.V. ("AerCap," "the Company," NYSE: AER) today announced the completion of the following aircraft transactions during the full year and fourth quarter 2013:
Full Year 2013
Signed lease agreements for 79 aircraft,
Delivered 52 aircraft under contracted lease agreements,
Purchased 38 aircraft, and entered into purchase and leaseback agreements for another 21 aircraft that are still to be delivered,
Closed the sale of 28 aircraft, and
Signed financing transactions for $5.9 billion, including $3.8 billion relating to the International Lease Finance Corporation ("ILFC") transaction.
Fourth Quarter 2013
Signed lease agreements for 19 aircraft. The average term of lease agreements contracted during the past 12 months was 163 months for new aircraft and 57 months for used aircraft.
Delivered 11 aircraft under contracted lease agreements, including four Boeing 737-800s and seven Airbus A320-200s.
Closed the sale of five aircraft. AerCap sold one Airbus A330-200 from its owned portfolio, and two Airbus A320-200s, one Boeing 737-400 and one Bombardier CRJ705 from its managed portfolio. AerCap also executed agreements for the sale of three aircraft that are still to be delivered (one from its owned portfolio and two from its managed portfolio).
Entered into a definitive agreement under whichAerCap will acquire 100% of the common stock of ILFC, as previously announced. The transaction is expected to close in the second quarter of 2014, subject to satisfaction of customary closing conditions.
As of December 31, 2013, AerCap's portfolio consisted of 378 aircraft that were either owned, managed, or under contract to purchase (including five options). The average age of the owned fleet as of December 31, 2013 was 5.4 years and the average remaining contracted lease term was 6.6 years.
About AerCap
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.
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Source: AerCap Holdings N.V. via Globenewswire
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