AerCap Delivers Fourth Boeing 737-800 Aircraft to US-Bangla Airlines
Dublin – AerCap Holdings N.V. (“AerCap”) (NYSE: AER) has announced the delivery of the fourth 737-800 to US-Bangla Airlines, the largest private airline based in Bangladesh, serving the domestic and international markets. The Boeing 737-800, powered by CFM engines, was manufactured in 2007.
AerCap President and Chief Commercial Officer Philip Scruggs said, “AerCap is very proud to be the sole supplier of US-Bangla’s 737-800 fleet which is used on their international routes. The airline has gone from strength to strength within a 12 month period. The rapid expansion while maintaining good business performance is a testament to the strength of the US-Bangla leadership team. We are honored to be a valued partner of US-Bangla and we look forward to being part of their continued success for many years to come.”
Imran Asif, CEO of US Bangla Airlines said, “We are excited to take delivery of our 4th 737-800 within 12 months of taking the first aircraft (October 2016). All 4 737-800s are on lease from AerCap which demonstrates the strong relationship between us and AerCap, while it also reaffirms our confidence in the Boeing 737NG aircraft. The 737NG fleet will grow further to form the backbone of our operations, and we are currently exploring the possibility of inducting the 737 MAX.”
In another statement, Abdullah Al Mamun, Managing Director of the airline said, “US-Bangla Airlines has built a strong working relationship with AerCap. The AerCap team has always extended their best cooperation which has allowed us to become the fastest-growing private airline in Bangladesh.”
About US-Bangla Airlines
US-Bangla Airlines is part of the US-Bangla Group. It owns and operates 3 Q400s (soon to grow to 5) and has leased 4 737-800s operating on 7 domestic destinations and 7 international destinations out of its base in Dhaka – the capital city of Bangladesh (including Doha which started on October 1, 2017).
About AerCap
AerCap is the global leader in aircraft leasing with, as of September 30, 2017, 1,506 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, 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.
Released October 26, 2017