AerCap Delivers Airbus A320NEO Aircraft on Lease to Spirit Airlines

Delivery signifies the first U.S. airline to receive the aircraft type

DUBLIN--(BUSINESS WIRE)-- AerCap Holdings N.V. (“AerCap”) (NYSE: AER) has announced the delivery of an Airbus A320neo on lease to Spirit Airlines, making the airline the first U.S. airline to receive the aircraft type. This is the first of 5 A320neo aircraft to deliver to Spirit Airlines by AerCap, with a further 4 A320neo aircraft on order, expected to deliver through 2016.

AerCap has one of the largest Airbus A320neo Family portfolios with a total of 2 owned and 217 on order aircraft, delivering through 2021.

AerCap Senior Vice President & Head of Americas Sean Sullivan said, “We are delighted to deliver our first A320neo aircraft on lease to longstanding customer, Spirit Airlines, and particularly pleased to be the first to deliver the aircraft type to a U.S. airline. The A320neo aircraft is one of the most in-demand single aisle aircraft in the world, incorporating the latest technologies and the most fuel efficient engines. We look forward to continuing our successful relationship with our friends and partners at Spirit Airlines as the airline continues to enhance its fleet.”

“This state-of-the-art technology will burn less fuel and lower our operational costs,” said Ted Christie, Spirit Airlines Chief Financial Officer. “We continue to lead the industry in both reducing our carbon footprint and providing ultra-low fares on air travel. Spirit is thrilled to be the first carrier to bring this innovation to the U.S.”

About Spirit Airlines

Spirit Airlines (NASDAQ: SAVE) is committed to offering the lowest total price to the places we fly, on average much lower than other airlines, on average nearly 40% less*. Our customers start with an unbundled, stripped-down Bare Fare™ and get Frill Control™ which allows them to pay only for the options they choose – like bags, seat assignments and refreshments – the things other airlines bake right into their ticket prices. We help people save money and travel more often, create new jobs and stimulate business growth in the communities we serve. Our Fit Fleet is one of the youngest, most fuel-efficient in the U.S. We operate over 425 daily flights to more than 56 destinations in the U.S., Latin America and the Caribbean. Come save with us at www.spirit.com.

*U.S. Department of Transportation statistics

About AerCap

AerCap is the global leader in aircraft leasing with, as of September 30, 2016, 1,607 owned, managed or on order aircraft in its portfolio. 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 Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, 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, 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, there can be no assurance 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. 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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AerCap Holdings N.V.
For Media:
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com
or
For Investors:
John Wikoff, +31 20 655 9661
Head of Investor Relations
jwikoff@aercap.com

Source: AerCap Holdings N.V.

Released October 11, 2016