AerCap Becomes Servicer of Genesis Aircraft Portfolio
AMSTERDAM, June 30, 2011 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that it has acquired the right to provide lease and aircraft related services to the portfolio of aircraft it acquired following its amalgamation with Genesis Lease Limited in 2010. AerCap, through its Irish subsidiary, AerCap Ireland Limited, has replaced GE Capital Aviation Services Limited ("GECAS") as servicer to the aircraft portfolio.
AerCap's CFO Keith Helming commented: "We are very pleased to have concluded this handover with GECAS. Having the ability to directly manage the aircraft and lessees was important to maximising the overall benefits of the Genesis transaction."
About AerCap
AerCap is the world's leading independent aircraft leasing company. AerCap also provides engine leasing, aircraft management services and performs aircraft maintenance, repair and overhaul services and aircraft disassemblies. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, Singapore, China, the United Arab Emirates and the United Kingdom.
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For Media: For Investors: Frauke Oberdieck, AerCap Peter Wortel, AerCap Tel. +31 20 655 9616 Tel. +31 20 655 9658 foberdieck@aercap.com pwortel@aercap.com
SOURCE AerCap Holdings N.V.
Released June 30, 2011