AerCap Signs Lease Agreement with Air Transat for 10 New Airbus A321neo LRs

DUBLIN--(BUSINESS WIRE)-- AerCap Holdings N.V. (“AerCap”) (NYSE:AER) has announced it has signed an agreement with Air Transat for the lease of 10 Airbus A321neo LRs. The airline will become the first North American Airbus A321LR operator when the aircraft enter into service starting in 2019.

AerCap is the world's largest Airbus A320neo Family lessor, with 220 aircraft owned and on order.

“We are very proud of our long-standing partnership with Air Transat and are thrilled to play a significant role in the future growth of the airline,” said Aengus Kelly, Chief Executive Officer, AerCap. “The A321neo LR will significantly improve Air Transat’s fleet with the most efficient, longest-range single-aisle aircraft that offers an exceptional level of passenger comfort.”

“The A321neo LRs will perfectly complete our fleet of A330s and B737s,” said Jean-Marc Eustache, President and Chief Executive Officer of Transat. He added, “These aircraft are also an ideal solution for replacing our A310s. This agreement with AerCap will allow us to continue offering our customers the service and comfort they are used to, at the best possible price. We are very pleased to strengthen our partnership with the world’s leading aircraft lessor, with which we have enjoyed a fruitful and long-standing association.”

About AerCap

AerCap is the global leader in aircraft leasing with 1,571 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, 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.

For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com and follow us on Twitter www.twitter.com/aercapnv.

AerCap Holdings N.V.
Investor Relations:
Brian Canniffe, +353 1 418 0461
Head of Investor Relations
bcanniffe@aercap.com
or
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com

Source: AerCap Holdings N.V.

Released July 11, 2017