Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
AerCap Holdings N.V. Announces
Second Quarter 2009 Transactions
Amsterdam, The Netherlands; July 14, 2009 - AerCap Holdings N.V.
(“AerCap,” “the Company”, NYSE: AER) today announced the completion of the
following aircraft and engine transactions during the second quarter 2009:
· Signed new lease agreements for nine aircraft
and executed letters of intent for 21 new aircraft leases,
· Delivered nine aircraft and 19 engines under
lease agreements,
· Purchased eleven aircraft and seven engines,
· Sold three aircraft and six engines.
Transaction
Overview
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Second Quarter 2009
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Year To Date 2009
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Owned
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Managed
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Total
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Owned
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Managed
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Total
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Lease Agreements
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Aircraft (Contracts)
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7
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2
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9
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9
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2
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11
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Aircraft (Letters of Intent)
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20
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1
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21
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20
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1
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21
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Deliveries
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Aircraft
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7
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2
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9
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17
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5
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22
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Engines
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19
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NA
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19
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27
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NA
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27
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Purchases
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Aircraft (Closed)
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11
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NA
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11
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21
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NA
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21
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Engines (Closed)
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7
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NA
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7
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11
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NA
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11
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Aircraft (Contract Signed, to be Delivered)
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1
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NA
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1
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4
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NA
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4
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Engines (Contract Signed, to be Delivered)
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NA
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NA
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NA
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1
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NA
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1
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Aircraft (Letters of Intent)
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6
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0
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6
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6
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0
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6
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Sales
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Aircraft (Closed)
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3
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NA
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3
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3
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1
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4
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Engines (Closed)
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6
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NA
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6
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10
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NA
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10
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Aircraft (Contract Signed, to be Delivered)
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NA
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2
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2
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NA
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2
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2
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Aircraft (Letters of Intent))
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NA
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1
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1
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0
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1
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1
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In addition, AerCap
announced the completion of the following transactions:
· Signed a
joint-venture agreement with Waha Capital for a 50/50 joint investment in
AerVenture (previously disclosed),
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· Signed a
facility agreement with a German bank for a $221 million pre-delivery financing
of ten A330 aircraft (previously disclosed),
· Closed on
the funding ($466.5 million) of the initial 15 A320 aircraft in its ALS II
facility, which allows for funding of a total of 30 A320 aircraft.
AerCap’s
CEO Klaus Heinemann commented: “The second quarter of 2009 was highlighted by a
number of important milestones for AerCap’s solid standing during the current
global economic crisis. With Waha Capital, we found an experienced and sound new
partner for our Airbus A320 joint venture company AerVenture. We completed the remaining
pre-delivery payment financing requirements for our existing order book. We
essentially placed all remaining aircraft from our order book with airlines. We
sold three aircraft, all above net book value demonstrating that, even in today’s
market, net book values for these aircraft remain below market values.”
Klaus
Heinemann added: “The remainder of 2009 will continue to be very challenging
with many of our airline clients experiencing tough market conditions but we
remain confident that 2010 will show signs of significant market recovery.”
Lease Activities: Contracts Signed for Nine Aircraft
and 19 Engines
New Lease Agreements
AerCap signed nine new lease agreements for aircraft
in the second quarter 2009:
· Three new Airbus A320s for Frontier
Airlines (U.S.A.),
· Two new Airbus A330s for P.T. Garuda
Indonesia (Indonesia),
· One new Airbus A320 for Aigle Azur
(France),
· Two Airbus A320s for Strategic Airlines
(France),
· One Airbus A320 for TAME (Ecuador).
The average term of the six lease agreements for new aircraft
signed during the second quarter was 112.0 months. The average term of the
three lease agreements for the used aircraft was 43.7 months. During the second
quarter, AerCap also executed letters of intent (signed and deposit paid by
lessee) for 20 new aircraft leases with an average lease term of 140.4 months and
for one used aircraft lease with a lease term of 48 months.
AerCap
also entered into 19 engine lease agreements in the second quarter and
delivered the engines to the lessees in the same period. Thirteen of the leased
engines were CFM-56, two were CF6 engines, two were V2500, one was a CF34 and
one was a PW4056 engine.
Deliveries
AerCap completed nine aircraft deliveries in the second
quarter under contracted lease agreements:
· One new Airbus A320 for Air France (France),
· One new Airbus A320 for Air Arabia (United
Arab Emirates),
· One new Airbus A320 for TAP (Portugal),
· One new Airbus A330 for Asiana Airlines
(Korea),
· One new Airbus A330 for Aeroflot-Russian
Airlines (Russia),
· One new Airbus A330 for P.T. Garuda
Indonesia (Indonesia),
· One Boeing B737-400 for Aeroflot-Don (Russia),
· One Boeing B737-400 for P.T. Metro Batavia
(Indonesia),
· One Boeing B737-500 for Aeroflot-Nord
(Russia).
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Purchase Activities: Eleven Aircraft
Acquired in the Second Quarter
During the second quarter, AerCap acquired four new Airbus
A320s and three new Airbus A330s under existing commitments with Airbus, and four
vintage Airbus A320s for its subsidiary AeroTurbine.
In addition to the completed purchase activities
above, AerCap has executed an agreement for the acquisition of one Airbus A320
aircraft and a letter of intent for the acquisition of six new A330-300s.
AerCap expanded its engine pool with the acquisition
of three CFM-56 and four CF6 engines in the second quarter.
Sales Activities: Three Aircraft
Sold in the Second Quarter 2009
AerCap closed sales transactions for two A321s and one
new A320 for its owned portfolio in the second quarter 2009.
In addition, during the second quarter 2009, AerCap
executed agreements for the sale of one older McDonnell Douglas MD82 and one
MD83 from its managed portfolio and a letter of intent for the sale of one
Boeing B737-300 from its managed portfolio.
AerCap also sold four CFM-56 engines, one V2500 and
one JT8D from its owned engine pool.
Portfolio Summary
As of June 30, 2009, AerCap’s portfolio consisted
of 290 aircraft and 79 engines that were either owned, on order, under contract
or letter of intent, or managed.
The
information above includes transactions completed by AerCap and AeroTurbine,
AerCap’s subsidiary which focuses on engine leasing and trading, airframe and
engine disassembly, part sales and MRO services.
About
AerCap
AerCap is an
integrated global aviation company with a leading market position in aircraft
and engine leasing, trading and parts sales. AerCap also provides aircraft
management services and performs aircraft maintenance, repair and overhaul
services and aircraft disassemblies through its certified repair stations. AerCap
is headquartered in The Netherlands and has offices in Ireland, the United
States, Singapore, China and the United Kingdom. 
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”,
“plans”, “anticipates”, “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 forward-looking statements.
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For Media:
Frauke Oberdieck
Tel. +31 20 655 9616
foberdieck@aercap.com
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For Investors:
Peter Wortel
Tel. +31 20 655 9658
pwortel@aercap.com
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