AerCap takes Delivery of its First Boeing 737 MAX

DUBLIN--(BUSINESS WIRE)-- AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE:AER) has today announced that it has taken delivery of its first 737 MAX 8. The aircraft will be leased to China Southern Airlines, the first of 5 aircraft to go on lease to the airline from AerCap’s 737 MAX order book with Boeing.

AerCap has a total of 104 Boeing 737 MAX aircraft owned and on order, delivering through 2022.

AerCap and China Southern Airlines have recorded several firsts in recent years. In March 2018, AerCap made history when it delivered China Southern Airlines’ first A321neo, making the airline the first operator of the aircraft type in China. In 2016, AerCap delivered the first Pratt & Whitney powered A320neo into China, to China Southern Airlines.

“We are very pleased to deliver our first ever 737 MAX to our largest customer in Asia Pacific, China Southern, with whom we’ve had a relationship for 23 years,” said Aengus Kelly, Chief Executive Officer, AerCap, “We wish China Southern every success with their ongoing fleet modernization program.”

“We are delighted to deliver the first of many 737 MAXs to AerCap, one of the world’s leading lessors. The AerCap team has a great pulse on what top airlines like China Southern prefer to fly and we are honored that they have chosen the best-in-class 737 MAX,” said Ihssane Mounir, Senior Vice President of Commercial Sales & Marketing at The Boeing Company. “We are confident that AerCap and its customers will benefit from the 737 MAX’s superior fuel efficiency, range, reliability, and residual value, to name a few.”

About AerCap

AerCap is the global leader in aircraft leasing with, as of June 30, 2018, 1,471 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 Shannon, Los Angeles, Singapore, Amsterdam, Fort Lauderdale, 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.

AerCap Holdings N.V.
For Investors:
Joseph McGinley, +353 1 418 0428
Head of Investor Relations
jmcginley@aercap.com
or
For Media:
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com

Source: AerCap

Released September 28, 2018