AerCap Holdings N.V. Announces Acquisition of New Boeing 737 NG
Total of Seven Boeing 737 NG Acquired Over Last Twelve Months
AMSTERDAM, Netherlands, Sept. 27 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap," NYSE: AER) announced today that it has recently closed the acquisition of a Boeing 737 New Generation ("NG"), which was delivered new from the production line this month. This aircraft is the seventh Boeing 737 NG that AerCap has purchased in the last twelve months, expanding the share of modern Boeing aircraft in AerCap's already diverse portfolio.
Klaus Heinemann, Chief Executive Officer of AerCap, commented: "We were very pleased to be able to identify and execute attractive purchase opportunities for Boeing New Generation aircraft in a market environment characterized by great demand for this type of aircraft. With these transactions, we have expanded the Boeing portion of our portfolio through purchases from third parties at a time when delivery slots directly from the manufacturer are sold out for the remainder of the current decade."
The seven aircraft were purchased from four sellers and are subject to operating lease agreements with three airlines in Europe and the Americas.
About AerCap
AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AerCap also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap has a fleet of over 340 aircraft owned, managed or under contracted orders and a diversified commercial engine portfolio. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, China and the United Kingdom.
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For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +31 20 655 9658
foberdieck@aercap.com pwortel@aercap.com
SOURCE AerCap Holdings N.V.
Released September 27, 2007