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MILBANK,
TWEED, HADLEY & MCCLOY LLP 212-530-5000 E-MAIL TRANSMISSION
To: Brigitte Lippmann, Securities and Exchange Commission
From: Paul E. Denaro
Date: November 15, 2006
MESSAGE:
To follow up on our discussion with you earlier today regarding the level of indebtedness AerCap would incur if it acquires all of the aircraft it has on order or subject to a letter of intent with Airbus, we propose including the attached disclosure on pages 4 and 22 of the AerCap Registration Statement in the Summary and Risk Factor sections. Please let us know if the proposed disclosure is responsive to your comment. If you have any questions, please do not hesitate to contact Doug Tanner at (212) 530-5505 or myself at (212) 530-5431.
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If we acquire all 99 of the Airbus aircraft, over the next four years, we could expect to incur in excess of $4.0 billion of indebtedness to finance the purchase price of the aircraft.