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AerCap signs leases for 47 aircraft in 2012

14-Jan-2013 9:33 AM

AerCap announced (11-Jan-2013) the completion of the following transactions during 4Q2012 and for the full year: 

4Q2012:

  • Signed new lease agreements for 13 aircraft;
  • Delivered ten aircraft under contracted lease agreements;
  • Purchased six new aircraft;
  • Closed the sale of 55 aircraft, including the Aircraft Lease Securitisation (ALS) portfolio of 50 aircraft, and executed agreements for the sale of three aircraft that are still awaiting delivery;
  • Signed financing transactions for USD670 million.

Full year 2012:

  • Signed new lease agreements for 47 aircraft. The average term of lease agreements and letters of intent for new aircraft signed during 2012 was 149 months. The average term of lease agreements and letters of intent for used aircraft in that period was 66 months;
  • Delivered 35 aircraft under contracted lease agreements;
  • Purchased 20 new aircraft;
  • Closed the sale of 70 aircraft, including the ALS portfolio, executed agreements for the sale of four aircraft that are still awaiting delivery, and
  • Signed financing transactions for USD1.5 billion.

As of 31-Dec-2012, AerCap’s portfolio consisted of 333 aircraft that were either owned, on order, under contract, letter of intent or purchase option, or managed. The average age of the owned fleet is 5.1 years and the average remaining contracted lease term is 6.9 years. [more - original PR]