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DUBLIN, Dec. 30, 2019 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced it has signed an agreement with AirSial Limited, a privately-owned Pakistani startup airline, for the lease of three used Airbus A320 aircraft. The aircraft are scheduled to deliver in the second quarter of 2020 and will be the first aircraft to be delivered to the airline.

Aengus Kelly, CEO of AerCap, said, "For more than a decade, AerCap has been the biggest aircraft lessor in the fast growing Pakistani aviation sector and we are very pleased to support a new startup airline, AirSial. With the rapid growth in air traffic in Pakistan as well as air liberalization, AirSial is well positioned to take advantage of this opportunity. We wish AirSial every success with their new venture and we look forward to working with the AirSial team as these aircraft deliver. 'Coming together is a beginning; keeping together is progress; working together is success'."

Mr Fazal Jilani, Chairman of AirSial Limited, said, "I would like to congratulate and thank AerCap on this auspicious occasion for not only recognizing the potential of the Pakistan aviation market but also showing their firm belief in the Sialkot business community. We at AirSial, along with AerCap, will take our new partnership to the highest of standards and together make AirSial 'The Pride of Pakistan'."

About AerCap

AerCap is the global leader in aircraft leasing with 1,360 aircraft owned, managed or on order and $43.5 billion of total assets as of September 30, 2019. 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.

Forward-Looking Statements

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.

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SOURCE AerCap Holdings N.V.