World's Largest Aircraft Leasing Company grows its staff by 100

AerCap announces new positions across various disciplines as first Airbus A350 touches down in Ireland

THE Minister for Jobs, Enterprise and Innovation today announced that AerCap, a global leader in aviation leasing with operations in Dublin and Shannon, has created over 100 new highly skilled jobs in Ireland. These are high end roles created across various disciplines including Sales and Marketing, Aircraft Technical, Legal, Contracts Management, Finance and Treasury.

The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

AerCap is the global leader in aircraft leasing with 1,300 owned and managed aircraft in its current fleet and a highly attractive portfolio of 470 high-demand, fuel-efficient aircraft on order. Its aircraft are leased to 200 customers in 90 countries. The new Airbus A350 XWB, which has been flown into Dublin from Toulouse for today's event, will form part of AerCap's core fleet in the coming years and provide a platform for growth and shareholder enrichment.

Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: "Aircraft leasing is a key sector which we have targeted as part of our Action Plan for Jobs, and in recent years we have seen a strong jobs performance in this area. We have put in place measures to support continued growth in this area, including the appointment of Simon Harris as a strong Minister of State with specific responsibility in this area, and through his strategy for financial services are targeting further growth in this area. Today's announcement that AerCap, a world-leading company in this area, is creating 100 additional jobs in this area is another great boost for this sector".

Aengus Kelly, CEO at AerCap said: We are pleased with the investment we have made in Ireland which now includes our commercial centre in Dublin. Over the past year we have created over 100 new highly skilled jobs and intend to continue growing our operations in Dublin and Shannon. Through our people, suppliers and providers of technical support we contribute over $100 million to the Irish economy each year. The A350 XWB is one of the most technologically advanced commercial aircraft in the world today and strategically important to our long term success.

Minister for Transport Paschal Donohoe TD said: "As Ireland's position as a base for aviation services continues to strengthen, we are seeing companies such as AerCap further develop and grow. This increasingly cements Ireland's position as a global leader in aviation, particularly where aircraft leasing is concerned. The delivery of such high end jobs is really good news for us and the Government is committed to restoring the country to full employment by 2018 and ensuring that all aspects of the economy perform to the best of its ability. I am delighted that such a prestigious company as AerCap expresses such confidence in Ireland through the continued expansion of its operations here. II wish them the very best of luck for the years ahead."

Martin Shanahan, CEO at IDA Ireland said: "Ireland has successfully developed itself as a hub for aviation finance worldwide with 50% of the world's fleet of leased aircraft now being managed by lessors based here. The aviation leasing industry continues to find the right combination of skills for their business here in Ireland. Seeing the A350 XWB here in Dublin today gives us a sense of the sheer scale of the business that AerCap manage from their offices in Dublin and Shannon.

About AerCap

AerCap is the global leader in aircraft leasing with approximately 1,800 owned, managed or ordered aircraft in its portfolio. AerCap serves over 200 customers in 90 countries with comprehensive fleet solutions and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

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.

Released July 8, 2015